Peering through the Huntly coal smokescreen

Energy Minister Simon Bridges revealed in Parliament this week he has no idea what majority state-owned power companies are up to, when he wrongly claimed that Genesis Energy would not burn coal at Huntly unless there was a shortage of renewable electricity. Was it ignorance or a smokescreen? Responding to Genesis Energy’s decision to backtrack […]

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Milk and coal in South Canterbury

This week, Fonterra’s application to expand its milk-drying factory and burn more coal at Studholme, in South Canterbury, is being put to the test. The local council is considering the application and hearing from people who’ve asked to make submissions. It might come as a surprise to many people that Fonterra is one of New […]

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Trillion dollars wasted on coal

If you had a trillion dollars to spend on energy, would you invest it in burning coal for electricity? Well that’s exactly what is slated to happen internationally, according to a new report. The report, published by Greenpeace, the Sierra Club, and CoalSwarm, explains that coal-generating capacity equal to 1,500 coal plants is either in […]

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Will New York divest from coal before New Zealand does?

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 […]

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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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Why are we investing in coal?

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. […]

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