Podcasts Other The Mike Hosking Breakfast Pollies: MPs Megan Woods and Mark Mitchell on BlackRock deal, phones in schools and infrastructure

Pollies: MPs Megan Woods and Mark Mitchell on BlackRock deal, phones in schools and infrastructure

Published: Aug. 8, 2023, 9:44 p.m.

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The Energy Minister is defending the Government\'s climate deal with a major global fund manager.

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It\'s partnered with BlackRock Capital on a fund for solar, wind and green hydrogen infrastructure, to fast-track New Zealand\'s transition to renewable energy.

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Megan Woods says the fund will facilitate up to $2 billion dollars in investment from around the world.

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But she\'s confirmed to the Mike Hosking Breakfast neither the Government nor BlackRock have actually committed any cash so far.

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She says BlackRock doesn\'t invest its own money, it invests other people\'s money.

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