Don’t you just love those fresh-faced baby politicians with their progressive ‘woke’ ideas? There we were, thinking that investments should be based on what makes the most money, but then they come along to educate us that profit is not as important as being seen to be setting an example to the rest of New Zealand and indeed the world.

Profit is so old school. Yes dear readers, we need to lead the way to the New Venezuela as explained by Chloe Swarbrick on behalf of the Green Party in the below Press Release.

ACC must show leadership on climate change

As the largest publicly owned investor in New Zealand, the ACC board should divest from fossil fuels, demonstrating our leadership role on climate change, Green Party MP Chlöe Swarbrick said today.

“As the largest publicly owned investor, ACC have accepted they have huge influence in the market, including a billion dollars invested in fossil fuels.

“New Zealanders would be shocked to learn that a publicly owned investor is banking on the climate crisis.

“It’s entirely within the ACC Board’s mandate to decide to end such investment on ethical grounds, as they did with tobacco in 2006.

“If not, the Government should end this investment in fossil fuels through a direction under the Crown Entities Act.

“The Green Party is focused on ensuring New Zealand retains its leadership role in driving and inspiring action to reduce emissions and protect our climate for future generations.

“We’ve seen a groundswell of public support, and with our Zero Carbon Act passing unanimously, ending what is effectively state-sponsored investments in fossil fuels should be a next step in this work.”