Responsible Investment News

Greenpeace is calling on the Super Fund to divest its $550m of shares in oil and gas companies

Speaking to The Herald, the Party's co-leader James Shaw didn't go as far as to say the fund should get rid of all its oil and gas stocks.

But he did warn that any investment fund, including NZ Super Fund, should be looking into investing in renewable energy companies rather than fossil fuel corporations.

According to data from the NZ Super Fund – New Zealand's Sovereign Wealth Fund owned by the Government – as of June 30 last year the fund had a stake roughly 130 oil and gas companies.

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