Genesis scrapping coal won’t guarantee Super Fund reinvestment
Politicians question Super Fund on climate change risk, coronavirus and Auckland light rail.
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The NZ Super Fund would not simply add Genesis Energy back into its portfolio if the electricity gentailer gave up coal.
New Zealand’s $45 billion pension fund dropped Genesis from its investment portfolio mid-2017 as part of a $950 million divestment to cut its carbon footprint.
The fund
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