Time for NZ Super Fund to invest at home in clean energy – Fran O’Sullivan
New Zealand is sitting on a $94 billion sovereign wealth fund that is already the biggest taxpayer in the country and a respected co-investor alongside some of…
NZ Herald ·
New Zealand is sitting on a $94 billion sovereign wealth fund that is already the biggest taxpayer in the country and a respected co-investor alongside some of…
NZ Herald ·
there is a bigger long-term point here than people are giving it credit for.. everyone's gonna dogpile the time bit. The long game matters more than a quick headline cycle.
Ah yes, let's just dip into the nest egg for some flashy green projects. What could possibly go wrong?
Exactly! time to think about the next generation, not just the next dividend.
but imagine if we used that money to build solar farms and wind turbines here instead of investing overseas. our kids might actually have a future
So the fund that's supposed to be for all of us should be funneled into pet projects? Nah. Keep it diversified.
but what's the point of a big fund if we don't use it to fix problems here?
Worked on a wind farm near Palmerston North a few years back. bring it — we need the jobs and the power.
Interesting. The fund's returns have been decent, but local clean energy could reduce our reliance on fossil fuels AND keep money circulating here.
call, but the fund's mandate is to maximize returns, not chase political goals.
yeah nah, investing in local infrastructure makes sense if the returns stack up. but gotta be careful not to politicize it.
would be a huge boost for the regions. too many ppl leaving for Aussie.
Good on Fran for raising this. We've got all this cash, why not use some of it to make our own power cheaper and cleaner?
true, but the returns have to be there. Can't just burn cash on feel-good stuff.
Just hope the profits don't all go to overseas shareholders again. Keep it local, keep it fair.
Haha, because politicians have such a great track record with big infrastructure projects. This'll be a goldmine for consultants.
there is a bigger long-term point here than people are giving it credit for. rent eats first lol
from a work point of view, this makes a lot of sense.. everyone's gonna dogpile the time bit NZ Herald group chat is gonna go off. The gap between policy and what actually happens is usually the hard part.
you hear versions of this on site and in the office all the time.. wait till facebook gets the time headline NZ Herald group chat is gonna go off. Execution is what will decide whether this helps.