Yesterday saw a very interesting spectacle, the Government launching a new climate infrastructure fund, introduced by the crown solicitor in Auckland, Meredith Connell, and in partnership with BlackRock.
One of the world’s largest investment companies has committed $2 billion to a fund focused on making New Zealand the first country in the world with 100 per cent renewable electricity.
Prime Minister Chris Hipkins today said that a deal had been reached with the United States multinational BlackRock to develop a climate infrastructure fund to support New Zealand businesses, help create more highly-skilled local jobs, and accelerate green energy options like solar, wind, green hydrogen and battery storage to fuel a low emissions economy.
Hipkins said “the first of its kind” net zero fund demonstrated the “huge economic potential of New Zealand being a climate leader and our goal of generating 100 per cent renewable electricity”.
“It proves again that we can grow our economy while we lower emissions,” he said.
“This fund is a massive opportunity for New Zealand innovators to develop and grow companies.
“I’m absolutely stoked about what this means for Kiwi ingenuity in renewable energy; it shows that our ambitious climate targets have the world’s attention, and that they are good for the climate, good for the economy, and will help create highly-skilled jobs.”
Hipkins said New Zealand was “well-positioned” to be a home for this investment, which was critically needed as impacts of climate change increased here and around the world.
NZ Herald
Boy, what a dilemma: we have in the blue corner the prospect of vast sums of CCP loot and in the red corner vast sums from WEF-connected globalist funds from BlackRock.
Looks like either way the two main parties are selling us out to offshore interests. It appears we are going to have new overlords.
Predictably too, Christopher Luxon has rushed head long into supporting this proposal.
National Party leader Christopher Luxon says his party welcomes the Government’s announcement an American multinational investment company will invest $2 billion in a “first of its kind” climate infrastructure fund.
The fund, the ‘net zero’ fund, is aimed at helping New Zealand become one of the first countries in the world to reach 100% renewable energy.
Today while on a visit to a school in Hamilton, Luxon said his party “really welcome that investment”.
“It underscores exactly what we’ve been saying, which is that the world is awash with investment opportunities for companies and funds that actually want to invest in renewable energy.
“I think the major challenge we’ve observed with this government is around consenting. So it’s fantastic, the investment is up to being made in New Zealand, we fully support it.”
He said it was “good for New Zealand”.
1News
Really Christopher? How? Show us your working.
Has Christopher Luxon forgotten he is the Leader of the Opposition?
He really doesn’t know or care about traditional National supporters, does he? It’s just imaginary woke bulldust all day long with him.
The reality is that yesterday we learned that legal firm, Meredith Connell, is happy lining its pockets with our money and shilling for the government. Labour is quite happy to suck up to rich American companies and that climate shilling overrides every other human need. There are far better things that $2B could be used for than pipe dreams of changing the climate.
Why do politicians always feel the need to be first in the world?
But I like how they are promoting BlackRock as some sort of ethical global leader investor in renewables. In 2021 BlackRock raised a fund worth just under $US 5 Billion, to fund the sort of projects that we are seeing today. Contrast that with around $US 620 billion held in fossil fuel investments!
Seems they have a bet each way, and that bet is loaded.
I’m waiting for all the communists and Marxists decrying wealthy American money funding NZ projects. The Greens should have been the first but that is not going to happen as James Shaw was in the room at the announcement.
This is a folly; one that will beggar our nation. Between National and Labour, it seems it is just a matter of who they wish to sell us out to.
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