Parliament

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

 

Super Fund profiting from one of the world’s dirtiest miners

Why is our Super Fund profiting from Norilsk, one of the world’s dirtiest miners?

Published: August 15, 2011
by Russel Norman

Norilsk Nickel is one of the world’s largest producers of nickel and palladium, as well as Russia’s leading gold producer. It’s also one of the dirtiest mining companies in the world.

The company’s hometown operations in Russia have resulted in the city of Norilsk becoming one of the most polluted places in the world. Many years of especially high emissions of sulphur dioxide and heavy metals from Norilsk’s mining and smelting activities have inflicted massive lasting damage on the forest, vegetation, and waters surrounding their operations. International NGO, the Blacksmith Institute, has labelled Norilsk the “City of Horror” saying that heavy metal pollution in the area is so severe the soil itself has platinum and palladium content high enough to mine.

The 200,000+ people who live in the vicinity of the company’s industrial operations are continuously exposed to high concentrations of pollutants in the air, soil, and water. Health problems and illnesses among persons subjected to prolonged exposure to sulphur dioxide, nickel, and heavy metals are well established. Children and infants are especially vulnerable to high levels of air pollution.

How bad is it? Levels of air pollution in Norilsk exceed the maximum allowable levels on 350 days out of each year. On 280 of those toxic days, the levels of harmful substances in the atmosphere were five times over the maximum allowable concentrations in Russia. On 70 of those days, the levels were ten times over the maximum.

The Norwegian Superannuation Fund divested of their holdings of Norilsk in 2009.

Why does our Superannuation Fund, who has signed up to the same set of ethical principles as the Norwegians, continue to profit from this company?

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On How National’s ”New” Welfare Plan Resurrects A Past Failure


Sam Uffindell’s defenders keep reminding us that he was only 16 at the time of the King’s College incident, and haven’t we all done things in our teens that, as adults, we look back on with shame and embarrassment? True. Let's be honest. Haven’t we all at one time or another, joined a gang and beaten a smaller, younger kid black and blue with wooden clubs? In that respect, Uffindell’s defenders on the streets of Tauranga risk sounding a bit like the psychiatrist Kargol played by Graham Chapman on Monty Python. Some of the media commentary has also noted how the Uffindell saga has taken the shine off National’s good poll results and distracted us all from the unveiling of an important welfare policy at the recent National Patty conference. OK… So let's put the spotlight back on that welfare policy...
More>>




 
 


Transport & Infrastructure: Have Your Say On The Future Of Inter-regional Passenger Rail In New Zealand

The Transport and Infrastructure Committee has opened an inquiry into the future of inter-regional passenger rail in New Zealand. The aim of the inquiry is to find out what the future could hold for inter-regional passenger rail... More>>


National: Sam Uffindell Stood Down Pending Investigation
Tauranga MP Sam Uffindell has been stood down from the National Party caucus pending an investigation into further allegations about his past behaviour, says National Party Leader Christopher Luxon... More>>


Auditor-General: Submission On The Water Services Entities Bill
We have published our submission to the Finance and Expenditure Committee on the Water Services Entities Bill. Because water services are critical to everyone, our focus is on how the public and Parliament are able to influence the performance... More>>


National: NZ Migrant Arrivals Hit Lowest Mark Since 1990s
Today’s net migration figures show that Labour has failed to deliver the desperately needed skilled migrants they promised, meaning labour shortages will persist into the future, National’s Immigration spokesperson Erica Stanford says... More>>


Green Party: Abuse Revelations Leave No Choice But To Overhaul RSE Scheme
The Green Party is calling on the Government to overhaul the Recognised Seasonal Employers scheme in the wake of revelations of shocking human rights violations... More>>



Government: More Women On Public Boards Than Ever Before

“Women’s representation on public sector boards and committees is now 52.5 percent, the highest ever level... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels