BlackRock gives foreign investment a bad name in NZ

BlackRock gives foreign investment a bad name in NZ
BlackRock executives jetted in to trumpet a fairytale climate change fund before the 2023 election. (Image: NZME)
Pattrick Smellie
New Zealand’s brief and unhappy relationship with the multi-trillion-dollar US-based BlackRock investment empire sends three awful signals, one of which matters far more than the others.The first signal stems from BlackRock’s decision to stop funding local rooftop solar company SolarZero, which it turns out had a great business model as long as interest rates remained low.SolarZero turned out to be a bottomless pit of cash demands. The decision to quit after pouring nearly $260 million into the business looks commercially rational.B...

More Opinion

The big turning point for our electricity market
Opinion

Gary Holden: The big turning point for our electricity market

The outcome of lower electricity prices is now inevitable.

Gary Holden 07 Feb 2025
Frustrated employers beware
Law & Regulation

Bronwyn Heenan: Frustrated employers beware

As I have said so many times: process, process, process!

Bronwyn Heenan 07 Feb 2025
DeepSeek’s implications becoming clearer
Opinion

Peter Griffin: DeepSeek’s implications becoming clearer

The best way to stay ahead in the AI arms race is to collaborate and share.

Peter Griffin 06 Feb 2025