1. Immediately freeze any new investments in fossil fuels.
2. Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds with 5 years.
Why is this important?
People who invest in Gareth Morgan Kiwisaver care for their futures. But those futures will be bleak indeed if fossil fuels continue to be extracted and burnt at the rate at which they are today. Kiwis love our biodiversity and we love our lifestyle. We want others to have a fair go, and we don't want to see vast fortunes being made by the few at the expense of increased droughts, desertification, floods, famines and wars. Those of us who are lucky enough to have a little money to invest in our future, want to invest it wisely. There is no economic sustainability without environmental sustainability. Let us have the choice to invest in a future without the worst excesses of global climate change. Listen to ordinary Kiwis- divest fossil fuel investments now.
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