Super fund open to big energy if it stacks up

NZ Super Fund's Josie McVitty (Image: supplied)

Tue, 12 Apr 2022

The New Zealand Superannuation Fund says it has not talked to the government about potentially funding the Lake Onslow pumped hydro project, but has told ministers it is interested in investing in long-term infrastructure projects that can make a commercial return.Speaking at a briefing on the Super Fund exploring a giant offshore wind farm off the Taranaki coast, chief executive Matt Whineray said any investment would have to make a reasonable commercial return.Asked about the government’s investigation of the Onslow proje...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy