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Windfall profit tax on Gentailers

Everyone has the right to a safe climate, and an affordable, resilient power supply. Yet the Gentailers (Generator-Retailers) are threatening this right, making billions of dollars of dividends for their shareholders through keeping fossil fuel generation on life support, and power prices high. Meanwhile, communities suffer from climate-fuelled storms like Cyclone Gabrielle, without a local energy supply to fall back on.

We need a windfall tax on the Gentailers' excess profits to invest in renewable, distributed energy for all of us.

Read our report: ‘Generating Scarcity’

Together with the New Zealand Council of Trade Union and FIRST Union we launched a groundbreaking report on November 14th 2022. A year later, on 13th December 2023 we updated the report, revealing how the country’s largest energy companies (gentailers) have distributed billions in excess dividends to shareholders thereby preventing reinvestment in renewables and keeping power prices high.

Download the full updated 2023 report here

Download the full 2022 report here

Read our blog post highlighting the reports key messages

View the full petition text.

We call on the Government to apply a windfall profit tax to the Gentailers!

Everyone has the right to a safe climate, and an affordable, resilient power supply. Yet the Gentailers (Generator-Retailers) are threatening this right, making billions of dollars of dividends for their shareholders through keeping fossil fuel generation on life support, and power prices high. Meanwhile, communities suffer from climate-fuelled storms like Cyclone Gabrielle, without a local energy supply to fall back on. We need a windfall tax on the Gentailers' excess profits to invest in renewable, distributed energy for all of us.

We call on the Government to apply a windfall profit tax to the Gentailers!

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