KiwiSaver investments in fossil fuel production up 30% to $5b
Today 12:15pm
By Liz Kivi
New Zealanders' retirement savings are increasingly split between rapidly growing investment in clean energy leaders and rising exposure to fossil fuel expansion, with funds still chasing investments in areas "of concern" that Kiwis say they want to avoid.
Mindful Money's latest analysis, covering portfolio holdings across 417 funds to the end of March 2026, traces $143 billion of KiwiSaver investment down to the specific companies, with investment in “companies of concern" climbing to $11Billion.
... login or subscribe for full story
Story copyright © Carbon News 2026
Legislation to block climate lawsuits gets select committee green light
Today 12:15pm
By Liz Kivi | The Justice Select Committee has reported back on the Government’s controversial legislation to halt climate lawsuits, with the majority of the committee recommending passing it without amendment.
Batteries and flexible electricity use could save NZ $20b by 2050
Today 12:15pm
By Oli Lewis | Rapid expansion of batteries and flexible electricity use could save energy users between $5.4 billion and $20.8b through to 2050, new modelling suggests.
Govt launches loan scheme to help businesses transition from gas
Today 12:15pm
Businesses looking to reduce their reliance on natural gas can now apply for government-backed loans under a new scheme designed to help fund energy transition projects, with the Crown guaranteeing up to 80% of eligible loans and unlocking an estimated $1.2 billion in lending.
Commission's report fails to recognise biophysical limits
Today 12:15pm
By Mike Joy | OPINION: The Climate Change Commission’s latest report does a great job of revealing how badly we have failed to reduce our emissions.
Media round-up
Today 12:15pm
In our round-up of climate coverage in local media: New Zealand cows are set to emit far more climate pollution than the government projected; Labour vows to keep billions in conservation costs off councils if elected; and protections for hoiho around Otago Peninsula are to be made permanent.
Govt’s first post-ban offshore exploration permit draws backlash
Thu 30 Jul 2026
By Shannon Morris-Williams | The Government has approved the first offshore petroleum exploration permit since repealing the 2018 ban. But lawyers say the decision raises 'serious' legal questions, as seemingly at odds with guidance from the country's highest court.
NZ Steel closes in on first heat from electric arc furnace
Thu 30 Jul 2026
By Oli Lewis | The first truckloads of scrap steel are being delivered to New Zealand Steel as the company works through the final stages of a significant emissions reduction project.
Rail revival key to reducing transport emissions: new strategy
Thu 30 Jul 2026
By Shannon Morris-Williams | Future is Rail has launched an election manifesto setting out a national strategy for the incoming Government to rebuild New Zealand's passenger and freight rail network, with proposals ranging from overnight train services to nationwide electrification.
Upton: Environmental information is critical national infrastructure
Thu 30 Jul 2026
By Oli Lewis | New Zealand has a once-in-a-generation opportunity to ensure environmental management decisions are based on shared, high-quality data.
