Chief Investment Officer for AMP Capital Investors, Keith Poore, has said today that crashing prices for coal and oil could present attractive buying opportunities for investors who want to make money from a fossil fuel industry that is destroying our climate. There’s money to be made by gaming climate change. Back in the real world, […]
New York City is going the way of California, Vermont, Massachusetts, and Connecticut by moving to divest from coal and reconsidering its investments in oil and gas. New York City Mayor Bill de Blasio this week called on his city’s $160 billion pension fund to divest from coal. Divesting from coal posed little risk to […]
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 […]
“…if you find yourself in a coal hole, it’s probably time to stop digging and think of a plan to get out.”
Papers released under the Official Information Act show State-owned mining company Solid Energy plans to open some new coal mines. Is this the way forward for energy in New Zealand? Is this how Solid Energy plans to dig itself out of the pit it is in – spend more money developing coal mines? The company […]
“Huntly…is a symbol of the ‘think big’ centralised fossil fuel-dominated electricity system that served us reasonably well for its time, but like the faded and peeling paint inside the station, it is an old-fashioned reminder times have changed.”
The World Wildlife Fund have today revealed that over $1 billion of New Zealanders’ pension and accident insurance money is invested in companies directly mining for coal, oil, and gas — companies who’s future profitability depends on burning fossil fuels that have to stay in the ground if we are to avoid runaway climate change. […]
I am concerned that the interim decision of the Environment Court does not rule out the mining of the Denniston Plateau. The interim decision of the Environment Court acknowledges that the Denniston Plateau has high biodiversity values which would be impacted by mining and that the situation is too close to call. However the decision […]
I am celebrating today after the news that Solid Energy will be dropping its Lignite project in Southland. This is a win for the climate and our environment and for Southland.
Southland District Council is calling for submissions on its proposed District Plan. This is your chance to tell the Southland District Council that you want a sustainable and prosperous future for Southland, and call on it to make new mining and drilling for lignite coal and coal seam gas a prohibited activity.
There hasn’t been a great deal of good news lately for Solid Energy. What does the future hold?
Gareth’s already blogged about the Keep The Coal in the Hole summer festival, and I’m excited to be attending. As the new transport spokesperson, I decided to take a bit of time during the summer holiday to travel to the festival in the most climate-friendly means possible. I’ll be leaving by ferry from Wellington on […]
The main target is lignite coal mining in Southland an issue the Greens have been strong in opposing. Lignite is bad for the environment and our economy instead we should be pursuing modern renewable energy solutions, not 19th Century coal.
Today I launched a Member’s Bill and a tetris-like computer game as a part of our campaign to keep dirty lignite coal in the hole. Lignite is bad for the environment and our economy. We should be pursuing modern renewable energy solutions, not 19th Century coal. First the serious part. The Climate Change Response (Low […]
Coal Cares™ is a brand-new initiative from Chevron, one of America’s proud family of coal companies, to reach out to American youngsters with asthma and to help them keep their heads high in the face of those who would treat them with less than full dignity. For kids who have no choice but to use an inhaler, Coal Cares™ lets them inhale with pride. Puff-Puff™ inhalers are available free to any family living within 200 miles of a coal plant…
Last night, along with several hundred other concerned Wellingtonians, I attended Dr. James Hansen’s lecture on climate change. James Hansen is an esteemed atmospheric physicist, and has been called the ‘grandfather of climate change’. Evidently his reputation preceded him as the crowd packed out two lecture theatres at Victoria University’s Law School. One of the […]
Lignite is at the New Zealand coal-face of the environmental crisis. It is well and truly on the agenda with top climate scientist James Hansen, currently touring NZ, urging us to keep the coal in the hole. State-owned Enterprise Solid Energy and the L&M Group are currently either planning or at the permitting stage (behind […]
The Herald ran a very compelling op-ed by Jeanette Fitzsimons yesterday, suggesting that from a climate perspective our priority must be to keep most of the remaining fossil fuel in the ground. For 35 years I have been wrong about how to prevent climate change. It’s time I confessed. For 35 years I have worked […]
I never knew what Nightcaps was. Nightcaps have had coal mining since the late 1880s and have experienced tragedy as well as identity through coal mining.
Earlier today, Solid Energy Chair John Palmer advocated, in a presentation before the start of the NZX Annual Meeting in Wellington, the partial privatisation of Solid Energy. We want a Yes or a No, Gerry, not your equivocation!
This week saw the 40th anniversary of the first Earth Day. There have been events marking the occasion all around the country, many sponsored by the Green Party. These culminate today with events in Auckland, Thames, Wellington, Nelson, Christchurch and Dunedin. Our Green MPs will be there and invite you to join them in sending […]
To the CEO of Solid Energy: Dear Sir, I understand that your corporation is sponsoring an essay competition for schoolchildren in Southland, West Coast, Canterbury and Waikato. The essay, up to 1500 words, must address “The Role of Coal in Sustainable Energy Solutions for New Zealand.”
Scrutiny of Government plans to mine our conservation lands is deepening internationally. And it’s got people hot on Facebook too. The Sunday Star Times ran a powerful feature on the weekend called “Picture imperfect”. It looks at international concern at New Zealand’s environmental performance, including National’s plan to mine conservation land: IT’S JUST a stock-take […]
Chalking the opinion of many on the streets of Nelson this morning and challenging Nick Smith, who welcomed Schedule 4 thus: “This Bill at long last puts some pegs in the sand in some very significant areas of New Zealand and says to the mining industries of New Zealand: “These are no-go areas.”…”
Nick has been surprisingly silent on the decision of Ministers Brownlee and Groser to do a stock-take of our premiere conservation land for its mining potential. Was he consulted? We know he was given a copy of Brownlee’s speech prior, but did he read it? Does he support it? What’s up, Nick?
It’s frog week! My favourite week of the year. But this one comes under a large grey cloud. My local native frog rellies have not been faring well for a while. They’re threatened by all sorts already. But now they have a new predator – Gerry with his sidekick Tim. All New Zealand’s native frog species are now threatened by mining.
On 23 September 1887 – 122 years ago yesterday – Te Heuheu Tukino of Tuwharetoa gifted the mountains of Tongariro, Ngaruhoe and Ruapehu to the people of Aotearoa…. This anniversary was sullied by the fact that the Crown is now considering the Park’s mining potential.
An avid frog reader has sent in this photo of the Minister of Energy and Resources, Gerry Brownlee, mining inspiration from a quality resource.
Some great listening and viewing this morning on NZ environmental issues. Podcasts and on-demand TV means those who slept in haven’t missed out – so enjoy. RadioNZ’s Insight doco at 8am was on carbon offsetting. Reporter Ian Telfer narrated a well-rounded look at the benefits and risks inherent in the largely-unregulated voluntary carbon market. Includes […]
You’d be forgiven for thinking Solid was in the business of environmental enhancement, with a bit of mining on the side! Alas, it’s an illusion.
Since we’ve had a few negative posts on developments in Happy Valley recently, here’s one to cheer up those of you who, like me, think coal sux and wetlands are cool. It’s been raining on the Coast – not just cats and dogs but tigers and seals! The rain has apparently caused a massive slip on the […]
I was absolutely gutted yesterday to hear that Solid Energy has moved into our beautiful valley to begin its destruction. I wish I could be here [in Christchurch] with you today. I want to celebrate all the people who have kept vigil at the camp, walked five hours to get there in hard weather, given […]
Well, the Government really got into the spirit of Earth Day yesterday, a day to “inspire awareness and appreciation for the Earth’s environment”. However, it’s focus was a bit below the layer of earth that sustains life, and was all about celebrating coal. First, the Minister of Conservation announced he’d redrawn the boundaries of Otago’s […]
Here’s a bit of an update of what is happening in Happy Valley at the moment from a local: It’s very noisy in Happy Valley these days, with 2 drill rigs and a water pump pounding away. They’re all within 200m of the protest camp. Solid Energy is drilling 35 test holes to give them […]
I suppose this could just as well star Gerry Brownlee, the way he goes on about sexy coal and carbon capture and storage…. 😉
The debate in the UK has been slowly heating up since the middle of last year, when a right-wing think tank called on the Labour government to impose gradually reducing emissions standards for all power plants. The effect would have been a ban on new coal plants without Carbon Capture and Storage, (CCS), while allowing […]
Now that Gerry “Sexy Coal” Brownlee holds the Energy portfolio, it’s time to look once again at his favourite meme. Should we be investing in new coal fired generation, in the hopes that Carbon Capture and Storage, (CCS), will rescue us from the emissions downside? Recently published research says that CCS is questionable at best […]
The Save Happy Valley Coalition celebrated the occupation’s 3rd anniversary on the weekend. The valley is home to endangered kiwi and snails in a precious forest-edged red tussock wetland. Destroying this special place to mine coal that will contribute to climate change is doubly criminal. While the occupation has so far protected the valley from […]
The Department of Conservation says that the powelliphanta augustus snails are not faring so well in their new homes. Up to 40% mortality is evident in the new populations established just within the last 2 years.Over 6000 snails have been gathered up and thrown in DOC fridges for the crime of daring to live on […]
Don Elder waxed poetic about the prospects for NZ coal this week at Solid Energy’s maiden annual meeting in Auckland. We have more coal resource energy per capita than Saudi Arabia has oil. In a world of increasing demand, and increasingly constrained supply of energy, New Zealand is now the lucky country. Sorry, Don, but […]