Zombie Democracy – Apartheid Fort NZ

Welcome to World's Deadliest Tourist Destination! Toxic NZ visa priority: Spies, triads, assassins, sex traffickers, low IQ…

Posts Tagged ‘NZ Super Fund’

Corrupt government, nefarious banks, immoral investment

Posted by te2ataria on March 13, 2017

Heavily Censored Road Fatality Reports

-oo-8-oo-

Green MP calling on Government funds to divest from palm oil company involved in labour abuse allegations

Many millions dollars have been invested by Government superannuation funds in international palm oil companies, including Wilmar International, a Singapore based company “embroiled in allegations of labour abuse on some of its Indonesian plantations.”

The Green Party has called on the New Zealand Superannuation Fund and Government Superannuation Fund – two of the Government’s three largest investment funds – to cut ties with Wilmar International after receiving information showing around $7 million is currently invested.

Figures provided to the Green Party and the Herald showed the NZ Superannuation Fund, ACC Investment Fund, and Government Superannuation Fund have $22 million tied up in four foreign palm oil companies linked to the illegal burning and devastation of Indonesian rainforests. The companies are: Genting Bhd, IJM Corp Berhad, Posco, and Daewoo.

“The NZ Superannuation Fund continues to invest and profit in companies linked to illegal rainforest destruction in Indonesia and has knowingly done so since 2014,” said Green Party conservation spokesperson Mojo Mathers.

“Norway’s $900 billion pension fund documented and publicly reported in 2014 and again in 2015 on the ‘severe environmental damage’ these companies were causing in Indonesia, leading it to sell its investments after two years of unsuccessful engagement.”

  • More than 2 million NZers were “unwitting” investors in big tobacco companies and makers of banned weapons

In total, New Zealanders were found to have $102m invested in tobacco companies, with more than half of this stake made by one fund provider – ANZ, and its OneAnswer funds. The Herald analysis ranked the ANZ pair as having invested the highest proportion of client funds into blacklisted assets.

[…] three KiwiSaver providers had made investments worth a total of $2.3m in a trio of United States companies – Textron and General Dynamics – blacklisted by the NZSF due to their production of cluster bombs.

New Zealand signed an international treaty banning such weapons, and in 2009 passed enabling legislation specifically forbidding investments in such companies. [Clearly paying lip service.]

Funds managed by Westpac, AMP and Aon hold shares in three companies.

In October, the Herald reported how the three big Government funds had a combined $21 million tied up in four palm oil companies that were dropped by the world’s biggest state pension fund after a report found an unacceptable risk of “severe environmental damage”.

Heavily Censored News From New Zealand’s Suicide Roads

Fatal crash SH73, Lake Pearson, Canterbury
“At approximately 5pm tonight Canterbury Police were alerted to a crash between two cars on State Highway 73, near Lake Pearson. A woman was trapped in a vehicle for a time, she was transported to Christchurch hospital via helicopter but didn’t survive her injuries. Three other people received injuries in the crash but none are life-threatening.” http://www.police.govt.nz/news/release/fatal-crash-sh73-lake-pearson

Two critically injured after ute crashes into bank in north Taranaki
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11816722

Eight people transported to hospital after crashes in Auckland region overnight
https://www.tvnz.co.nz/one-news/new-zealand/total-eight-people-transported-hospital-after-crashes-in-auckland-region-overnight

Car v bus crash in Flat Bush, Counties Manukau
“Emergency services are responding to a crash between a car and bus on Jeffs Road, Flat Bush which occurred shortly after 2.30pm. One person, believed to be the driver of the car, has sustained serious injuries and has been transported to Middlemore Hospital.”
http://www.police.govt.nz/news/release/car-v-bus-crash-flat-bush

NZ Police Clowns: Extreme Malevolence, Institutional Corruption, Phenomenal Incompetence

Man found dead in Grey Lynn, central Auckland
A dead body was found in a Murdoch Road property in Grey Lynn, Auckland, was that of a man [Anatomically resembling Donald Trump?] It was initially reported as being a female. The death is being treated as unexplained.
http://www.stuff.co.nz/national/90346253/woman-found-dead-in-grey-lynn-central-auckland

Posted in Tourist Deathtrap | Tagged: , , , , , , , , , | Leave a Comment »