Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


ACC investments risking native species

ACC investments risking native species

The National Government has invested in a gold drilling company whose activities threaten a critically endangered native frog species, the Green Party has revealed today.

Despite being a signatory to the UN Principles for Responsible Investment, the Accident Compensation Corporation (ACC) has made a significant but failed investment in gold drilling company Antipodes Gold, which plans to mine in the habitat of the critically endangered Archey’s Frog in the Coromandel Forest Park.

The Archey's frog is one of the world's rarest frogs. It can only be found in two locations in New Zealand and is the highest ranked EDGE (Evolutionarily Distinct and Globally Endangered) amphibian in the world.

“Another day, another eco-felony from the National Government,” said Green Party Mining spokesperson Catherine Delahunty.

“This is another example of National sacrificing New Zealand’s precious native species and wildlife in order to give the mining industry a leg-up.

“Whether it’s allowing oil exploration in the Maui’s sanctuary, opening up our forest parks for drilling, or mining in the habitat of the critically endangered Archey’s, this is a Government that could not care less about protecting New Zealand’s land, water and native species.”

ACC has invested just over $2million in Antipodes Gold, but due to a collapse in gold prices, the market value is of the investment has fallen to $50,000.

“Normally you’d say this was a case of putting profit before precious wildlife, except in this case the investment has been such a spectacular failure that there’s no profit to speak of.

“This investment shows both financial ineptness and a complete lack of regard for New Zealand’s precious native species.

“ACC Minister Judith Collins needs to reassure New Zealanders that no other native species are at risk from careless ACC investment decisions, and commit to no further reinvestments in unethical mining projects in the habitats of endangered species.”

ACC specifies on its website it has signed up to the UN Principles for Responsible Investment, which demand environmental, social and governance issues be taken into account in investment decisions.

Among ACC’s other biggest 50 investments are Rio Tinto, SkyCity Group, McDonalds, and the Occidental Petroleum Company.

"National must stop putting the short-term interests of a few mining companies ahead of the thousands and thousands of New Zealanders who love and want to protect our precious native species,” said Ms Delahunty.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news