managed funds

Green taliban co-leader James Shaw attempts to scare investors out of fossil fuels

" Don't shoot "

Green Party co-leader James Shaw said Finance Minister Bill English needed to open his eyes to climate change or risk being hit by the “perfect financial storm”.

The Greens are calling on the government to require all public fund managers to disclose their exposure to climate risks, following Dr [Jan] Wright’s report.

“Publicly managed funds in New Zealand have significant investments in the fossil fuel industry, in assets that could lose value rapidly as major economies like China and the EU shift to cleaner energy,” Mr Shaw said.

“New Zealanders, who have money tied up in these funds, should be aware of how much of their savings are exposed if the value of the fossil fuel industry declines.”

I don’t even know where to start.

The clean non-oil energy storm has been predicted for nearly half a century now. ? Any change is hardly going to be rapid, and investors are hardly going to get caught overnight. Read more »

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