New Zealand Superannuation Fund investments in Occupation of Palestinian and Syrian Lands

 

 

 

Dear David May, Chair, Guardians of the N.Z. Superannuation Fund,

New Zealand Superannuation Fund investments in Occupation of Palestinian and Syrian Lands

The New Zealand Superannuation Fund currently holds investments in corporations deeply complicit in the belligerent Israeli occupation of the West Bank, East Jerusalem, Golan Heights and the blockade of the Gaza Strip.

Investments in these corporations materially support the continued Israeli occupation and Israel’s continual violation of United Nations resolutions and international human rights and humanitarian law.

Investment Watch – Letter on Nuclear Investments

Dear David May, Adrian Orr and the Board of Guardians,

We have been very concerned about the decision of the New Zealand Superannuation Fund to limit its divestment of nuclear weapon related companies to those which are involved in producing or testing nuclear weapons.  This means that New Zealand taxpayers are continuing to invest through the Super Fund in companies which are involved in a range of direct nuclear related activities from making the rockets for US Intercontinental Ballistic missiles to maintaining British nuclear weapons bases.

Norwegian wealth fund sells stake in Rio Tinto

The opencast Grasberg mine in West Papua, Indonesia, has been called one of the worst eyesores in the world

David Robertson, Business Correspondent

One of Rio Tinto’s largest shareholders has sold its £500 million stake in the company over concerns about the Grasberg goldmine, which has been called one of the world’s worst eyesores.

The $375 billion (£213 billion) Norwegian sovereign wealth fund said on Tuesday that it had sold its shares after failing to persuade Rio to improve operations at the West Papua mine.