One of the world’s largest investment companies has committed $2 billion to a fund focused on making New Zealand the first country in the world with 100 per cent renewable electricity.
Prime Minister Chris Hipkins today said that a deal had been reached with the United States multinational BlackRock to develop a climate infrastructure fund to support New Zealand businesses, help create more highly-skilled local jobs, and accelerate green energy options like solar, wind, green hydrogen and battery storage to fuel a low emissions economy.
Hipkins said “the first of its kind” net zero fund demonstrated the “huge economic potential of New Zealand being a climate leader and our goal of generating 100 per cent renewable electricity”.
“It proves again that we can grow our economy while we lower emissions,” he said.
“This fund is a massive opportunity for New Zealand innovators to develop and grow companies.
“I’m absolutely stoked about what this means for Kiwi ingenuity in renewable energy; it shows that our ambitious climate targets have the world’s attention, and that they are good for the climate, good for the economy, and will help create highly-skilled jobs.”
Hipkins said New Zealand was “well-positioned” to be a home for this investment, which was critically needed as impacts of climate change increased here and around the world.
NZ Herald
Boy, what a dilemma: we have in the blue corner the prospect of vast sums of CCP loot and in the red corner vast sums from WEF-connected globalist funds from BlackRock.
Looks like either way the two main parties are selling us out to offshore interests. It appears we are going to have new overlords.
Predictably too, Christopher Luxon has rushed head long into supporting this proposal.
National Party leader Christopher Luxon says his party welcomes the Government’s announcement an American multinational investment company will invest $2 billion in a “first of its kind” climate infrastructure fund.
The fund, the ‘net zero’ fund, is aimed at helping New Zealand become one of the first countries in the world to reach 100% renewable energy.
Today while on a visit to a school in Hamilton, Luxon said his party “really welcome that investment”.
“It underscores exactly what we’ve been saying, which is that the world is awash with investment opportunities for companies and funds that actually want to invest in renewable energy.
“I think the major challenge we’ve observed with this government is around consenting. So it’s fantastic, the investment is up to being made in New Zealand, we fully support it.”
He said it was “good for New Zealand”.
1News
Really Christopher? How? Show us your working.
Has Christopher Luxon forgotten he is the Leader of the Opposition?
He really doesn’t know or care about traditional National supporters, does he? It’s just imaginary woke bulldust all day long with him.
The reality is that yesterday we learned that legal firm, Meredith Connell, is happy lining its pockets with our money and shilling for the government. Labour is quite happy to suck up to rich American companies and that climate shilling overrides every other human need. There are far better things that $2B could be used for than pipe dreams of changing the climate.
Why do politicians always feel the need to be first in the world?
But I like how they are promoting BlackRock as some sort of ethical global leader investor in renewables. In 2021 BlackRock raised a fund worth just under $US 5 Billion, to fund the sort of projects that we are seeing today. Contrast that with around $US 620 billion held in fossil fuel investments!
Seems they have a bet each way, and that bet is loaded.
I’m waiting for all the communists and Marxists decrying wealthy American money funding NZ projects. The Greens should have been the first but that is not going to happen as James Shaw was in the room at the announcement.
This is a folly; one that will beggar our nation. Between National and Labour, it seems it is just a matter of who they wish to sell us out to.
Cam Slater is a New Zealand-based blogger, best known for his role in Dirty Politics and publishing the Whale Oil Beef Hooked blog, which operated from 2005 until it closed in 2019. This article was first published HERE
7 comments:
We were sold out in the 1960's. The IMF offered and the Holyoake government accepted a loan from them with 'conditions' that the 4th Labour government had to fulfil- Restructure, Corporatization, Privatization ect, known as Rogernomics.
They have both got their claws into NZ via our treasonous politicians.
One answer to your (rhetorical) question about our politicians' desperation to be seen as leading the world in the pie-in-the-sky onrush to the so-called net zero target, is that they’re complete hot air and rubbish within NZ.
Cam -
I pose a question - "With the New Bro Romance with the Money Boys, from Black Rock, of New York City, of the USofA, when they start handing out the money (no doubt loans, with strings attached) and re-payments are not forth coming that ends up with Business in NZ, having to either -
[1] - seek further loans - but from who/whom?
[2] - declare bankruptcy,
[3] - have to hand their business to BlackRock as loan re-payment equity
[4]- see that business on-sold to an Overseas Buyer, where the then Govt allows that sale / purchase to bypass the OIA (who are supposed [note word] to oversee all sales of equitable business/property/real estate etc.
From "my insignificant research, BlackRock are not know to be friendly, when deals, finances or deals reneged on, go south".
It is interesting that a Section (The Senate?) of the US Govt is in the process of investigating BlackRock - "a signal that our American Ambassador, our Foreign Affairs, NZSIS would have - sent Chippie a 'hold on a moment note'?? or are we that short of the ready steady, that they had to sign up
now!!
And - Oh Dear Chris Luxon, yes - an in depth review before placing your self in need of a Veterinary surgeon (they who deal with foot in mouth diseases)
ANON, of New Zealand.
Why this fixation with being first in the world? We are being treated like guinea pigs and at what cost to our economy and our way of life? As far as the rest of the world are concerned we are expendable. We need more intelligence and less narcissism in government.
As they say the devil is in the detail and we aren't seeing any of that. What sort of eye watering return on investment has the NZ Government guaranteed so that this announcement can be made pre election?
The government won't open up our overseas investment rules but can sell us out on a whim. Jacinda had her paws all over this as well as she visited BlackRock in New York 2021 and wouldn't say why.
I am pleased to see Cam saying this out loud as I was afraid it was going under the radar of NZ politics. Also we need to hear, as often as possible, that Greenwashing is an expensive waste of money and resources.
As for Luxon, he can do a pivot on this next week if he finds his foot in his mouth.
MC
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