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Genesis scrapping coal won’t guarantee Super Fund reinvestment

Politicians question Super Fund on climate change risk, coronavirus and Auckland light rail.

The NZ Super Fund would not simply add Genesis Energy back into its portfolio if the electricity gentailer gave up coal.

New Zealand’s $45 billion pension fund dropped Genesis from its investment portfolio mid-2017 as part of a $950 million divestment to cut its carbon footprint.

The fund

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Calida Stuart-Menteath Wed, 04 Mar 2020
Contact the Writer: calida@nbr.co.nz
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Genesis scrapping coal won’t guarantee Super Fund reinvestment
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