The latest research and data analysis from the Fossil Free State Sector Coalition has revealed that not only is the decarbonisation of schools in Aotearoa underfunded but that the Ministry of Education has actively advocated for the implementation of over 40 new fossil fuel boilers in the past 10 years.
Climate justice organisation 350 Aotearoa is pleased to see that the Accident Compensation Corporation (ACC) joined forces with other public funds to sign the Paris Aligned Asset Owner Commitment. A first priority must be to divest ACC's $210 million invested in coal, oil, and gas companies.
350 Aotearoa applauds the passing of the Climate-related Disclosures Bill by parliament in its third reading in Parliament today. Mandatory climate-related risk disclosure is a useful mechanism to ensure extensive and thorough climate-risk reporting in our financial sector.
“Thousands of people across Aotearoa, including our government and the Minister of Finance, are calling for ACC to stop investing our public money in the fossil fuel industry. We’re taking action to send ACC’s Board a message that it needs to commit to divest from fossil fuels by the 31st of July.”
“The announcement from the government today reflects the Fossil Free State Sector coalition’s concern that the government hasn’t adequately assessed the scale of Aotearoa’s decarbonisation challenge and aligned this with budget commitments."
“The changes to default Kiwisaver standards reflect the power of citizens coming together to demand climate action. New Zealanders do not want their savings associated with the fossil fuel industry that is most responsible for emissions causing the climate crisis,” said Erica Finnie, Executive Director of 350 Aotearoa.