INDEPENDENT NEWS

Divestment an Opportunity to Set Global Precedent

Published: Thu 17 Sep 2015 04:53 PM
Media Release17th September, 2015
Divestment an Opportunity to Set Global Precedent
350 Aotearoa is delighted that Parliament will have the opportunity to address divesting the New Zealand Government from fossil fuels. This morning, Russel Norman’s Climate Change (Divestment from Fossil Fuels) Bill was pulled from the Members’ Bill ballot, which will allow Members to vote on the issue. “We’re thrilled that New Zealand has this opportunity. This is a chance for our country to regain its “clean, green” reputation, to stop profiting from climate change, and to finally do the right thing,” said Niamh O’Flynn, National Coordinator of 350 Aotearoa.Scientists agree that over 80% of known fossil fuel reserves must stay in the ground if we are to avoid catastrophic climate change.
“Fossil fuels are no longer an ethical investment. It would be such a win for the planet if our government voted to divest from fossil fuels, and would set a global precedent.”
350.org has been leading the snowballing divestment movement globally. Many notable businesses, organisations, institutions and governments have committed to divest from fossil fuels, including the Australian Capital Territory, the city of Portland, The Rockerfeller Brothers Fund, and The World Council of Churches.
In New Zealand, Victoria University, the Dunedin City Council, Christchurch City Holdings, the Tertiary Education Union, and The Anglican Church of Aotearoa have already committed to divesting from fossil fuels. “We urge Members of Parliament to join the growing movement of people around the globe - vote to save the future of our children, and our planet. Be on the right side of history.”
Ends.

Next in New Zealand politics

A Greener, Cleaner, Brighter Future
By: The Scoop Editors
Public Sector To Be Carbon Neutral By 2025
By: New Zealand Government
Govt Moves On Drug Checking To Keep Young New Zealanders Safer This Summer
By: New Zealand Government
Government Fulfils Election Undertaking On New Top Tax Rate
By: New Zealand Government
Stuff Holds Itself Accountable For Wrongs To Māori
By: Stuff
Crown Accounts Reflect Govt’s Careful Economic Management
By: New Zealand Government
UN Sustainable Development Goals | Goal 13: Take Urgent Action To Combat Climate Change And Its Impacts
By: United Nations
Humanity waging 'suicidal' war on nature, UN secretary general says
By: RNZ
Climate Emergency Declaration Will Be Matched With Long-term Action
By: New Zealand Government
It is a climate emergency, now let’s act like it
By: Greenpeace New Zealand
WWF-New Zealand Reaction To Government's Climate Change Emergency Declaration
By: WWF
By declaring a climate emergency Jacinda Ardern needs to inspire hope, not fear
By: The Conversation
Climate Declaration A Triumph For Post-rational Politics
By: ACT New Zealand
ACT Supports Pill Testing Bill
By: ACT New Zealand
Legal Drug Checking This Festival Season Will Help Protect Our Young People: Green Party
By: Green Party
View as: DESKTOP | MOBILE © Scoop Media