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Prohibition of Investment of Public Funds in Fossil Fuels Bill
This Member’s Bill sets out the Green Party’s plan to move Aotearoa New Zealand towards a safe climate future, by divesting all public funds from fossil fuel industries. Why are we doing this? We’re working hard to create a future that we can be proud to pass on to our kids and our grandkids, and we want New Zealanders to look back on today and know that we did everything we could to prevent the climate crisis. We know that... -
Super Fund tilts towards clean energy
The New Zealand Superannuation Fund’s commitment to invest NZ$540 million in clean energy is its clearest signal yet that they are taking climate change seriously, the Green Party said today. The release of the Fund’s annual report today details how the Fund’s $540 million commitment to invest in clean energy as part of a wider priority this year to explore opportunities to invest in climate-resilient infrastructure and complete their Climate Change and Investment Strategy project. “The Super Fund is putting... -
Super Fund backs coal while the world rushes to dump it
The New Zealand Superannuation Fund has been increasing its investment in the world’s dirtiest coal companies over the last three years despite large declines in their value as the world dumps coal to save the climate, the Green Party said today. New analysis from the Parliamentary Library shows that the Superannuation Fund (the Fund) has increased the value of its investments in the world’s twenty dirtiest† coal companies from $29 million at June 30, 2011 to $36 million at June... -
Greens call on Super Fund to divest from fossil fuels
The Green Party today called on the New Zealand Superannuation Fund (the Fund) to divest from fossil fuels, starting immediately with coal