Divestment Bill part of climate solution

Press Release – Green Party

Divestment Bill part of climate solution Parliament will have an opportunity to show it wants to be part of the solution to climate change by voting for the New Zealand Government to divest from fossil fuels, after Russel Normans Climate Change … Read more »

McClay welcomes sensible outcome for Solid Energy

Press Release – New Zealand Government

State Owned Enterprises Minister Todd McClay has welcomed the decision by a majority of Solid Energys creditors to adopt the proposed deed of company arrangement. Read more »

Solid Energy Creditors Vote for DOCA at Watershed Meeting

Press Release – Solid Energy NZ

Creditors of the Solid Energy Group have today approved a Deed of Company Arrangement (DOCA) with the Group. Read more »

Solid Energy report welcomed

Press Release – New Zealand Government

State Owned Enterprises Minister Todd McClay today cautiously welcomed the report by Solid Energys Administrators that a Deed of Company Arrangement (DOCA) is the best way forward for the company. Read more »

Solid Energy insolvent, bank creditors support orderly selldown

Article – BusinessDesk

Sept. 10 (BusinessDesk) – Solid Energy’s banking backers can expect to get back between 35 cents and 40 cents in the dollar under a Deed of Company Arrangement that will allow the insolvent state-owned coal miner to be wound up and its saleable assets … Read more »

Administrators Support Board’s Proposal for Deed of Company

Press Release – Solid Energy NZ

The Administrators of Solid Energy New Zealand Limited and its subsidiaries have issued their report to the Solid Energy Groups 1500 creditors today. The report, which provides a high-level analysis of the companys position and considers the … Read more »

Govt should honour Pacific Leaders’ call for climate action

Press Release – Green Party

The Green Party is calling on John Key to dramatically increase New Zealands emissions reduction target, as Pacific Island leaders today urge him to help protect their countries from disappearing due to sea-level rise. Read more »

Fonterra confirms coal mine at Mangatangi is on hold

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Fonterra Cooperative Group, the countrys largest milk processor, has confirmed it has put on hold a proposed coal mine at Mangatangi while it assesses its energy options. Read more »

The Field Trip to Failure

Press Release – Coal Action Network

The Australasian Institute of Mining and Metallurgy, the AusIMM, focuses on promoting excellence across all professional disciplines through advocacy and provision of continuing professional development opportunities. Read more »

Solid Energy Voluntary Administration Process on Track

Press Release – Solid Energy NZ

A first meeting of creditors of Solid Energy New Zealand Limited (SENZ) (Administrators Appointed) and its associated companies was held today in Christchurch the first milestone in the five-week voluntary administration (VA) process. Read more »

Genesis ‘comfortable’ for now with Huntly closure decision

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Genesis Energy still plans to close the remaining 500 Megawatts of ageing gas and coal-fired electricity generation capacity at its Huntly power station in 2018, in spite of last week’s surprise decision by Contact Energy to close … Read more »

‘Precarious’ Solid Energy in banks’ hands; govt eyes options

Article – BusinessDesk

Aug. 3 (BusinessDesk) – Liquidation of state-owned coal company Solid Energy “cannot be ruled out” but is “not the number one preferred option of the government,” says Prime Minister John Key, who confirmed the beleaguered company was discussed … Read more »

Genesis to retire stored coal unit

Article – BusinessDesk

June 29 (BusinessDesk) – Genesis Energy, the country’s biggest energy retailer, will permanently retire a coal/gas fired unit at the Huntly Power Station which has been in storage as renewable and thermal generation provide more than enough electricity … Read more »

Small GDP impact in big greenhouse gas cuts: Infometrics

Article – BusinessDesk

June 10 (BusinessDesk) – Major cuts to greenhouse gas emissions would have hardly any impact on New Zealand’s economic growth rate, says private economic consultancy Infometrics in analysis for the Ministry for the Environment. Read more »

Norway moves first to dump coal investments

Press Release – Green Party

The Green Party today called on the Government to secure cross-party support to sell its investments in coal mining companies. The Norwegian Parliaments finance committee agreed in a bipartisan motion yesterday to instruct the $1.2 trillion Government … Read more »

Final nail in coffin for Solid Energy workers

Press Release – New Zealand Labour Party

Todays confirmation of job losses at Solid Energys Stockton and Spring Creek mines shows the urgent need for new economic opportunities on the West Coast, Labours MP for West Coast-Tasman Damien OConnor says. Read more »

Chatham Rock Phosphate Financial Results

Press Release – Chatham Rock Phosphate

Financial result The results for the year to 31 March 2015 show an audited loss of $27.3 million (2014 loss of 1.42 million) including write-offs arising from the decline of the marine consent application. The two main components related to the … Read more »

Coal is in a deep dark hole, let’s keep it there

Press Release – Coal Action Network

Coal Action Network Aotearoa have been hearing rumblings about a new coal mine being developed just 10km from Westport, on the West Coast of the South Island of Aotearoa. Given that the rest of the world is moving away from mining coal, it seems ludicrous … Read more »

NZ Climate Change Documentary “HOT AIR” Now Free On Youtube

Press Release – Alister Barry

“HOT AIR – Climate Change Politics In NZ” – the award-winning feature length documentary which reveals how big business stopped NZ Government action on climate change – is being launched for on-demand free viewing today. Read more »

Laid-off Miners Deserve a Future

Press Release – Coal Action Network

The Government must step in to help the 113 mineworkers whove been dumped by Solid Energy today and the communities around them to begin a discussion about an alternative future for the West Coast that doesnt rely on a boom and bust industry, … Read more »

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