29 Nov 2008

Green Party wants Super Fund to divest nuclear shares

8:58 am on 29 November 2008

The Green Party wants the New Zealand Superannuation Fund to stop investing in any companies involved in delivery systems for nuclear weapons.

Super Fund guardians have confirmed they have no intention of divesting shares of Rakon.

The New Zealand company makes components used in global positioning systems, such as military and aerospace purposes.

Green co-leader Russel Norman acknowledges are other companies are more directly involved in delivering nuclear weapons than Rakon, but he hopes the fund will divest all holdings in weapons-related companies.