The oil and gas industry has launched a marketing campaign in New Zealand to try and convince people how great its dirty fossil fuel products are. I’m not surprised. The fossil fuel industry is no stranger to desperate marketing attempts. They know their products are last century’s fuels and they’re struggling to hold on to […]
Energy Minister Simon Bridges revealed in Parliament this week he has no idea what majority state-owned power companies are up to, when he wrongly claimed that Genesis Energy would not burn coal at Huntly unless there was a shortage of renewable electricity. Was it ignorance or a smokescreen? Responding to Genesis Energy’s decision to backtrack […]
This week, Fonterra’s application to expand its milk-drying factory and burn more coal at Studholme, in South Canterbury, is being put to the test. The local council is considering the application and hearing from people who’ve asked to make submissions. It might come as a surprise to many people that Fonterra is one of New […]
If you had a trillion dollars to spend on energy, would you invest it in burning coal for electricity? Well that’s exactly what is slated to happen internationally, according to a new report. The report, published by Greenpeace, the Sierra Club, and CoalSwarm, explains that coal-generating capacity equal to 1,500 coal plants is either in […]
Chief Investment Officer for AMP Capital Investors, Keith Poore, has said today that crashing prices for coal and oil could present attractive buying opportunities for investors who want to make money from a fossil fuel industry that is destroying our climate. There’s money to be made by gaming climate change. Back in the real world, […]
New York City is going the way of California, Vermont, Massachusetts, and Connecticut by moving to divest from coal and reconsidering its investments in oil and gas. New York City Mayor Bill de Blasio this week called on his city’s $160 billion pension fund to divest from coal. Divesting from coal posed little risk to […]
Whenever we’ve asked the New Zealand Superannuation Fund what they’re doing about climate change, they’ve said they’re waiting for the Mercer report they’d backed to come out. Well it’s now out and it’s unequivocal about the impact of climate change – investing in fossil fuels is objectively bad for your returns. Mercer has made one […]
“…if you find yourself in a coal hole, it’s probably time to stop digging and think of a plan to get out.”
Papers released under the Official Information Act show State-owned mining company Solid Energy plans to open some new coal mines. Is this the way forward for energy in New Zealand? Is this how Solid Energy plans to dig itself out of the pit it is in – spend more money developing coal mines? The company […]
“Huntly…is a symbol of the ‘think big’ centralised fossil fuel-dominated electricity system that served us reasonably well for its time, but like the faded and peeling paint inside the station, it is an old-fashioned reminder times have changed.”