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Windfall profit tax on Gentailers
Everyone has the right to a safe climate, and an affordable, resilient power supply. Yet the Gentailers (Generator-Retailers) are threatening this right, making billions of dollars of dividends for their shareholders through keeping fossil fuel generation on life support, and power prices high. Meanwhile, communities suffer from climate-fuelled storms like Cyclone Gabrielle, without a local energy supply to fall back on.
We need a windfall tax on the Gentailers' excess profits to invest in renewable, distributed energy for all of us.
Read our report: ‘Generating Scarcity’
Together with the New Zealand Council of Trade Union and FIRST Union we launched a groundbreaking report on November 14th 2022. The report reveals how the country’s largest energy companies (gentailers) have distributed billions in excess dividends to shareholders thereby preventing reinvestment in renewables and keeping power prices high.
Download the full report here
Read our blog post highlighting the reports key messages
We call on the Government to apply a windfall profit tax to the Gentailers!
Everyone has the right to a safe climate, and an affordable, resilient power supply. Yet the Gentailers (Generator-Retailers) are threatening this right, making billions of dollars of dividends for their shareholders through keeping fossil fuel generation on life support, and power prices high. Meanwhile, communities suffer from climate-fuelled storms like Cyclone Gabrielle, without a local energy supply to fall back on. We need a windfall tax on the Gentailers' excess profits to invest in renewable, distributed energy for all of us.
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We believe in a safe climate and a better future — a just, prosperous, and equitable world built with the power of engaged advocates.
350 is building a global grassroots climate movement that can hold our leaders accountable to the realities of science and the principles of justice.
That movement is rising from the bottom up all over the world, and is uniting to create the solutions that will ensure a better future for all. Our online campaigns, grassroots organizing, and mass public actions bring together a global network active in over 188 countries. Here’s how we get there:
- Keep carbon in the ground.
- Help build a new, more equitable low-carbon economy.
- Pressure governments into limiting emissions.
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anizing, and public actions are led from the bottom up by ordinary people.
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