Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

New Zealanders don’t want to profit from war

New Zealanders don’t want to profit from war
Monday 17 October

A theatre performance illustrating how Kiwi’s savings are being turned into weapons of war will accompany the delivery tomorrow of a petition signed by more than 12,800 New Zealanders.

The petition, which will be accepted by Green Party co-leader James Shaw at 3.15pm in front of Parliament tomorrow, calls on the Government to introduce legislation to make it illegal for Kiwisaver fund managers to invest the savings of New Zealanders in companies involved in the manufacture of weapons, bombs, land mines and missiles.

The petition was lead, and will be delivered by, journalist Bryan Bruce who says:

“There is no such thing as a completely free market. It is against the law, for example, to trade in human body parts or buy and sell children. So we do have laws which exert some moral limits to what we can trade in and from which we might profit. However some of our laws are so vague that investment managers can currently trade in items that would be repugnant to the majority of us.

Many New Zealanders, for example, expressed shock and anger at revelations earlier this year that some Kiwisaver providers were investing in companies involved in the manufacture of landmines, nuclear weapons, cluster bombs and tobacco. The incident revealed that our laws on unethical investing are so vague that even Commerce Minister Paul Goldsmith needed to take legal advice on whether investing in companies that manufacture cluster bombs was actually against the law.

My view is that we need a new law - a stand alone ethical investment law - that would put it beyond question that investing in such things as munitions manufacture is illegal. Which is why I agreed to lead an ActionStation petition to Parliament on this issue, because our law needs to reflect what the majority of us believe. Namely, that companies holding the savings of New Zealanders ought not to invest our money in products designed to kill and maim.”

To confirm Bruce’s assertion that most New Zealanders support the goal of this petition, ActionStation members chipped in funds to place questions in the UMR Research nation-wide omnibus survey.* This nationally representative survey confirmed that 86% of New Zealanders do not approve of Kiwisaver funds being invested in weapons, bombs, landmines and missiles.

ActionStation Campaign Director, Laura O’Connell-Rapira explains why ActionStation members want legislative change, despite moves by some Kiwisaver providers to pull out of investments in weapons.

“People feel very strongly about this. They didn’t only sign the petition, they also called and emailed their Kiwisaver providers, pulled their savings out of funds that had invested in bombs and landmines, and talked to their friends and families about doing the same. As a result, many Kiwisaver providers have taken action, divesting $109m from companies that make cluster bombs and other munitions. Some however, lag behind. What ActionStation members want now is legislative change to ensure that all providers are held to the same standard, and that divestment cannot be reversed.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election