Fossil Fuel Divestment

Investors BlackRock, Vanguard join net zero effort

Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to net zero by 2050, giving new momentum to the effort despite concerns its goals have some wiggle room. Reuters
By Ross Kerber

Tax dodgers and predatory lenders oust fossil fuels and tobacco from KiwiSavers’ top 10 hate list

Fossil fuels, and tobacco have been squeezed out of KiwiSavers’ top 10 ethical concerns by abusive social media companies, corporations that don’t pay their fair share of taxes, factory farming and predatory lending.

Research paid for by the Responsible Investment Association of Australasia (RIAA) and New Zealand’s Mindful Money places tobacco eleventh and fossil fuels 12th in the list of things most people did not want their KiwiSaver money invested in. Stuff
Rob Stock 29/10/2020

Carbon exclusions boost NZ Super return

Implementing carbon-lite policies has added about 0.3 per cent per annum to the NZ Superannuation Fund (NZS) performance, according to chief executive, Matthew Whineray. Investment News NZ
MARCH 22, 2020

Investing to influence climate change

When running for Prime Minister in the 2007 election, Kevin Rudd described climate change as “the greatest moral, economic and social challenge of our time”.

Over time we’ve seen policies come and go, including the carbon pricing scheme enacted by the Gillard government in 2011.

Despite the ineffectiveness of public policy to take hold and be a catalyst, the market had slowly created options for consumers and investors to help contribute to change. Money Management
6 Feb 2020, Chris Dastoor

Why investing in coal mines could (maybe) be ‘responsible investment’

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

Newsroom business editor Nikki Mandow looked into responsible investment, and found that it is way more complicated, nuanced – and interesting – than she could ever have imagined. Newsroom
Nikki Mandow 18/12/19

Why divest from fossil fuels?

Fossil fuel divestment can have a real impact on a company’s prospects. By refusing to invest in companies that are causing climate change we are denying them a social licence to operate. Australian Ethical Investment
David Macri
14 November 2019

Calls mount for ACC to distance itself from fossil fuels, after Parliament report

ACC is facing mounting calls to sell its investment in fossil fuel companies, following the release of a Parliamentary select committee report into its ethical investment policy.

Green MP Chloe Swarbrick is calling on the fund to sell its fossil fuel investments, and if it refuses for the Government to use the law to force its hand.

The Government-owned fund controls roughly $40 billion worth of investment, with nearly $1b of that currently invested in fossil fuels.

It has $778 million invested in renewable energy. Stuff
Thomas Coughlan
Nov 21 2019

Students welcome University of Auckland Foundation’s fossil fuel divestment

The University of Auckland (UoA) Foundation has announced it has committed to moving towards zero investment in fossil fuels.

On Friday its trustees, who manage a $224 million investment portfolio, said they will reduce their investment in the top fossil fuel companies down to 0.5 percent or less by December 2020. Newshub
Scott Palmer