Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Waikato Regional Council Votes To Divest From Fossil Fuels

Today Waikato Regional Councillors voted in favour of a new Responsible Investment Policy that includes a climate change investment policy and a commitment to divest from coal, oil, and gas companies. Climate justice organisation 350 Aotearoa and environmental advocacy organisation Go Eco Waikato are celebrating this announcement, having worked together on a campaign calling on the Council to cut its ties with fossil fuel companies and invest in projects, organisations and businesses working on positively contributing to the environment.

“It’s fantastic to see our public institutions like the Waikato Regional Council recognising it has a critical role to play in our transition to a low-carbon future by cutting off the investments that enable the fossil fuel industry to keep digging. We’re already seeing the impacts of human-induced climate change in Aotearoa, with more severe droughts, wildfires and floods, and we need to act now to limit further damages in the future,” said Erica Finnie, Executive Director of 350 Aotearoa.

“The Waikato Regional Council has responded to engagement from our community and adopted a Climate Action Roadmap to reduce emissions and minimise significant adaptation costs and risks that the region will face. We are pleased to see the council’s decision today to ensure its investments align with plans to build a more climate-resilient Waikato region, including divestment from the fossil fuel industry,” said Jo Wrigley, Go Eco Waikato.

In February 2021, 350 Aotearoa and Go Eco representatives delivered a petition supported by 1000 people to Waikato Regional Council and presented it to the Finances and Services Committee calling for the Council to divest from fossil fuels. The presentation acknowledged Auckland City Council, Dunedin City Council and Christchurch City Council for committing to fossil fuel divestment policies, and cited the success of the global fossil fuel divestment movement. Over 1325 institutions, worth USD $14.56 trillion, have now committed to policies black-listing coal, oil and gas companies.

“It’s fantastic to see communities across Aotearoa coming together to call on our major public and private institutions to divest from the fossil fuel industry. Together we’re drawing a line in the sand and calling for our financial institutions to support a fast and just transition away from fossil fuels, and invest in climate change solutions. We hope that our major public funds including the Accident Compensation Corporation and New Zealand Superfund will follow in the footsteps of our regional and city councils Waikato Regional Council and divest from fossil fuels,” said Finnie.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Uncanny Valley Of Tokyo 2020

For all involved, this year’s Olympic Games have called for a willing suspension of anxiety. For now at least, the displays of skill and agility have been compelling enough to muffle some of the previous misgivings about the wisdom of asking athletes from all corners of the world to converge in one place in the middle of a pandemic, and at the height of a Tokyo summer... More>>



Child Poverty Action Group: Poverty Burden For Children Increased Due To Government Neglect - New Report

Poverty, inequity, homelessness and food insecurity are among the burdens which increased for tamariki Māori and other children in the first year of Covid-19 - partially due to Government neglect... More>>

Government: Cabinet Accepts Turkish Authorities’ Request For The Managed Return Of Three NZ Citizens

Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year... More>>


Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>


NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>

Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>




InfoPages News Channels