Will the Super Fund now follow its own advice and divest from coal?

Whenever we’ve asked the New Zealand Superannuation Fund what they’re doing about climate change, they’ve said they’re waiting for the Mercer report they’d backed to come out. Well it’s now out and it’s unequivocal about the impact of climate change – investing in fossil fuels is objectively bad for your returns. Mercer has made one […]

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Australia shows why we need a sovereign wealth fund now

Australia has not managed its great mining boom well, says HSBC’s chief economist for Australia and New Zealand, Paul Bloxham. When times are good, governments need to save for the bad times that will inevitably follow, and this can be done by establishing a sovereign wealth fund, he said. The Australian Government is now facing […]

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Govt managing our money for political ends

Treasury papers released under the Official Information Act show that it is providing advice on short-term measures the Government can employ to help it post a surplus this year. The advice includes possible savings from delaying the rebuild of Canterbury; delaying foreign aid expenditure; holding back ACC savings; and new taxes on alcohol, tobacco, and […]

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New York Green Bank off to a $1B start

New York Governor Andrew Cuomo announced late last week the New York Green Bank’s first NZD$1 billion tranche of green energy investments. The projects, which are difficult for the private sector to finance, are now possible by New York Green Bank involvement and will result in an annual estimated reduction of 522,000 tonnes of carbon […]

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Solving child poverty in New Zealand

The Green Party has announced plans to raise the top tax rate on any income earned over $140,000 to 40 percent. This will have an impact on 3 percent of all taxpayers. We will redirect all new revenues raised into measures that will directly alleviate the causes of child poverty in New Zealand. We don’t believe […]

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