Greens welcome ACC moves out of nukes – now for the Super Fund

Green media release 9-4-08

The Green Party today welcomed the announcement by Maryan Street, the Minister for ACC, that the Accident Compensation Corporation will exclude investments in companies involved in the design, testing, assembly and/or refurbishment of nuclear explosive devices.

“It is great news that ACC is going to divest itself of companies involved in nuclear weapons,” says Dr Russel Norman, Green Co-leader.

“We hope that the New Zealand Super Fund will get on board and follow ACC by getting out of nukes. Taxpayers do not want their taxes invested in companies involved in nuclear weapons.

The Greens revealed the Super Fund’s investments in nuclear weapons in a report issued in February 2007, ‘Betting the Bank on the Bomb’.

“The speech by the Minister to the conference on socially responsible investment this afternoon was a breath of fresh air. We look forward to further progress from crown financial institutions in the field of responsible investment.

“And we congratulate the Council on Socially Responsible Investment for a great conference and for keeping up the pressure on responsible investment.”

ENDS

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