ACC must speed up its divestment of fossil fuels, Grant Robertson Finance Minister is warning.
350 Aotearoa executive director Erica Finnie says $145 million of the $210 million still invested in the industry by ACC was in the oil and mining giant BHP Billiton.
Photo: AFP
The agency still has $210 million in oil and gas investments but no clear plan to get rid of them.
ACC has almost met its target of halving what it calls carbon intensive investments by 2030 after dumping coal investments last year.
But Robertson says ACC must to better. I want to congratulate ACC on the progress they ve made, but as I ve said in the letter I want them to go further and faster.