The Green MP’s call for ACC to divest of its $1Bl investment in fossil fuels overlooks a few basic truths clearly
understood by New Conservative and the average New Zealander.
No 1 is that 80% of the world’s energy comes from fossil fuels. It is an economically sound investment, and seeing as
ACC is charged with investing our money wisely, it is a logical choice. (Incidentally a further 10% comes from biofuels
which are blamed for massive deforestation across the globe, and 5% from Nuclear. How palatable is that?)
No 2 is that every tourist that comes to New Zealand does so burning fossil fuels, so banning investment in them, while
being reliant on them, is an ideological stance rather than a logical or wise one.
“If Ms Genter wants to take that religious stance with her own money and personal finances fine, but as a Minister of
the crown she is charged with looking after New Zealand’s interests, and we are dependent on fossil fuels and will be
for a long time yet,” says Leighton Baker, New Conservative Leader
China is looking at building two large coal fired power plants a month for the next 12 years according to Greenpeace. (https://unearthed.greenpeace.org/2019/03/28/china-new-coal-plants-2030-climate/) Ms Genter is naïve if she believes that New Zealand’s stand on Carbon will make one scrap of difference to the world’s
ecology.
For New Zealand to have any noticeable effect on the environment we should be investing in pollution solutions, not
jeopardising industry and investments through carbon virtue signally. Utilising New Zealand’s creativity and problem
solving capabilities means that we would be able to export solutions to the world’s pollution woes, rather than
aimlessly spending billions of dollars on a substance we produce little of, without being able to quantify any benefit
from the billions spent.
“We call on this government to concentrate on its mandate to look after New Zealand’s interests and not throw us under
the carbon bus,” concludes Baker. The Green MP’s call for ACC to divest of its $1Bl investment in fossil fuels overlooks
a few basic truths clearly understood by New Conservative and the average New Zealander.
No 1 is that 80% of the world’s energy comes from fossil fuels. It is an economically sound investment, and seeing as
ACC is charged with investing our money wisely, it is a logical choice. (Incidentally a further 10% comes from biofuels
which are blamed for massive deforestation across the globe, and 5% from Nuclear. How palatable is that?)
No 2 is that every tourist that comes to New Zealand does so burning fossil fuels, so banning investment in them, while
being reliant on them, is an ideological stance rather than a logical or wise one.
“If Ms Genter wants to take that religious stance with her own money and personal finances fine, but as a Minister of
the crown she is charged with looking after New Zealand’s interests, and we are dependent on fossil fuels and will be
for a long time yet,” says Leighton Baker, New Conservative Leader
China is looking at building two large coal fired power plants a month for the next 12 years according to Greenpeace. (https://unearthed.greenpeace.org/2019/03/28/china-new-coal-plants-2030-climate/) Ms Genter is naïve if she believes that New Zealand’s stand on Carbon will make one scrap of difference to the world’s
ecology.
For New Zealand to have any noticeable effect on the environment we should be investing in pollution solutions, not
jeopardising industry and investments through carbon virtue signally. Utilising New Zealand’s creativity and problem
solving capabilities means that we would be able to export solutions to the world’s pollution woes, rather than
aimlessly spending billions of dollars on a substance we produce little of, without being able to quantify any benefit
from the billions spent.
“We call on this government to concentrate on its mandate to look after New Zealand’s interests and not throw us under
the carbon bus,” concludes Baker.