Kiwibank’s responsible banking policy shows a commitment to climate action that sets a precedent for New Zealand’s banking sector.

Climate justice organisation 350 Aotearoa welcomes the Greens' plan to transform Aotearoa’s energy system and set Aotearoa on course towards a fossil-fuel free future in which workers are supported into new jobs, and communities have the power to share local, affordable clean energy.

Climate justice organisation 350 Aotearoa is disappointed that the Environment Select Committee has failed to address substantial concerns with the Covid-19 Response (Fast Track Consenting) Bill in its report released today. The Bill currently removes the public’s right to have a say on fast-tracked infrastructure projects and fails to create climate and environmental bottom lines as criteria for fast-tracking.

Climate justice organisation 350 Aotearoa welcomes ACC’s new climate change policy that lays out plans to decarbonise its investments but calls for ACC to commit to full divestment from coal, oil, and gas companies by 2021.

Westpac’s announcement to end its financing of thermal coal projects by 2030 is a small step in the right direction. However, the bank needs to extend its phase-out of fossil fuel finance to oil and gas companies to support its commitment to limit climate change to 1.5C and achieve the goals of the Paris Agreement.

After months of people-powered campaigning, the government announced that all default Kiwisaver funds will have mandatory responsible investment policies that exclude fossil fuel investments.

Secret plans for ANZ to cut thermal coal mining exposure by 75% by March 2024 have been leaked by internal sources today. 350 Aotearoa campaigner, Claudia Palmer comments on how much further action is needed from the bank.