Call to reverse growing NZ investment in fossil fuels

Call to reverse growing NZ investment in fossil fuels
Mindful Money's Barry Coates says the transition to renewable energy has been been "somewhat slow". (Image: file)
Greg Hurrell
Strong oil prices have seen KiwiSaver and New Zealand-managed funds pour into the fossil fuel sector, but Mindful Money wants small investors to force divestment.High oil prices have led to disappointing short-term returns for many ethical investment funds.Barry Coates, the founder of the ethical investment charity, said oil prices could turn around at any time. During the Covid pandemic, a small decline in oil demand had led to prices going to zero and even negative.“It's a kind of sugar hit for those who are chasing higher pric...

More KiwiSaver

No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Rob Everett to replace Joy Marslin as Simplicity chair
Finance

Rob Everett to replace Joy Marslin as Simplicity chair

The former chief executive of FMA and NZGCP starts on the board in May.

Staff reporters 01 May 2025
Top NZ financier's plan for more public infrastructure
Finance

Top NZ financier's plan for more public infrastructure

The proposals avoid stale privatisation and capital gains tax arguments.

Pattrick Smellie 10 Feb 2025
KiwiSaver provider Simplicity to build 264 homes
News in Brief

KiwiSaver provider Simplicity to build 264 homes

Auckland’s Morningside is set to gain a large new build-to-rent development in the heart of the suburb, as Simplicity Living confirmed it had secured resource consent to get the project under way.Comprised of 264 homes for long-term rent, the development will cost, at its peak, r...

Staff reporters 07 Feb 2025