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

 

Genesis Energy’s link to organised crime "highly disturbing"

Genesis Energy’s link to organised crime scandal "highly disturbing" says Greenpeace

Tuesday, August 16: Genesis Energy has been named as one of a dozen New Zealand companies that bought large numbers of fraudulent carbon credits from Russia and the Ukraine, it has been revealed.

The information, released yesterday by the Morgan Foundation, is the second part of the report Climate Cheats, which the Foundation released in April. This outlined how the New Zealand Government had been complicit in the dealing of fraudulent carbon credits manufactured by organised crime groups in Russia and Ukraine.

Greenpeace New Zealand climate spokesperson, Kate Simcock, says she was “highly disturbed” to see Genesis Energy being named as one of a dozen New Zealand businesses using the credits between 2013-2014.

“This is one of New Zealand’s largest electricity companies caught buying dodgy carbon credits, no doubt at rock-bottom prices, in order to appear to meet climate obligations,” she says.

“Genesis Energy would have known that they were buying dirt cheap and very questionable credits. The EU had banned these credits and other companies including Mobil, were refusing to buy them. That ought to have raised serious concerns for Genesis.

“What’s more, the report says there have been allegations that electricity suppliers didn’t drop their prices as a result of the cheap buy. If this is true, it means they used the New Zealand public to profit from the use of these fraudulent credits.”

Contact Energy was the other electricity company named in The Dozen Dirty Businesses report.

Simcock says these revelations make it clear that electricity companies like Genesis Energy, which is 51% Government-owned, have no interest in looking after New Zealanders or the environment.

In April, the company announced it would be keeping its Huntly Power Station’s coal burners on for at least another four years, despite previously promising to turn them off by 2018.

This followed several power companies, including Meridian Energy, holding closed-door discussions in an attempt to subvert the decision to shut the burners down.

“Over the past year we’ve seen major players in the electricity industry conspire to keep dirty fuels burning with zero regard for the climate crisis facing our communities, or the consumers that will have to pay higher costs,” Simcock says.

“Shutting down Huntly Power Station would have been real action when it comes to our climate, but instead Genesis turned a blind eye and bought shonky carbon credits in order to make profit at our expense.

“It’s time for a major shake-up of the electricity market, and we think it will come in the form of disillusioned Kiwis increasingly turning to renewable energy like solar, which they can own and control themselves.”

The Morgan Foundation reports show Russia and the Ukraine have been using loopholes in international rules to create millions of false carbon credits that have no environmental benefit, and then sell them at bargain rates to the world market.

Simcock says the European Union banned trade in these credits in 2013, but New Zealand has continued to use them because they’re cheap, despite our Government almost certainly knowing they’re fraudulent.

The remaining 11 companies named in The Dozen Dirty Businesses report are: BP Energy Asia, New Zealand Forest Leasing Limited, Z Energy Limited, Wairekei Pastoral Limited, New Zealand Steel Limited, Matariki Forests, Contact Energy Limited, Chevron New Zealand, Fonterra Limited, Ngai Tahu Forests Estates Limited, and China Forestry Group of New Zealand Limited.

The Morgan Foundation gave all companies a right to respond, and responses by BP, Contact Energy and Z Energy appeared in the report.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Elusive Charms Of Christopher Luxon


Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>




 
 



Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>


Government: Delivers Reactivation Package As Aucklanders Reconnect For Summer
A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>


Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels