Take a hard look at investments, insurers warned
25 May 2016
Insurance companies should be taking a hard look at their exposure to investment in fossil-fuel assets, a new report says.
 |
Researchers for the Boston-based sustainable business leadership organisation Ceres and the international consulting firm Mercer examined the assets of the top 40 United States insurance companies, and found that between them, they have $677 billion invested in fossil-fuel companies – “an amount roughly equal to the GDP of Norway”, they say.
... login or subscribe for full story
Story copyright © Carbon News 2016
Heat pumps could cut household energy bills by $1.5 billion a year
Tue 12 Aug 2025
By Liz Kivi | Heat pumps could save Kiwi households hundreds of millions of dollars each year, as well as freeing up energy for industrial users, according to a new report.
Gas pressure intensifies
Tue 12 Aug 2025
The pressure from reduced gas supply is pushing industries that rely on cheap gas out of the market in favour of those who can afford to pay more.
Gentailers to stockpile coal under new deal
5 Aug 2025
By Shannon Morris-Williams | An agreement between New Zealand’s four major electricity generators to establish a 10-year fuel reserve is being labelled a 'climate change stockpile', and could undermine momentum for renewable energy investment.
Warmer end to winter but dry spell expected over southern lakes
5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Taranaki mayors want hydrogen kick-start from Wellington
28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Electricity Authority’s first steps towards market reform
28 Jul 2025
The Electricity Authority announced its first decision in the raft being considered by its Energy Competition Taskforce work with the Commerce Commission.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
