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Speaker 1: Ah the lament for Old Radio New Zealand's obituary of

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Speaker 1: the CRD makes you weep climate related disclosures. Here was

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Speaker 1: their headline yesterday, New Zealand guts climate policy. It bragged

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Speaker 1: about to the world. That's your headline. What's misleading about

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Speaker 1: that headline? As the government who gutted it isn't the

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Speaker 1: government who bragged about it. They're two different governments. As

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Speaker 1: for the gutting and the world leading, world leading in what?

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Speaker 1: In what sense? We were simply the first to the

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Speaker 1: line with a pointless idea the first country if you

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Speaker 1: believe this government that made it increasingly hard to get

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Speaker 1: foreign money invested into our country because they just produced

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Speaker 1: another hurdle. All banks, insurers, enlisted companies. What for it's

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Speaker 1: very labor isn't it just to rope everybody in whether

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Speaker 1: it's relevant or not. Why didn't they make us all

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Speaker 1: right climate reports about ourselves. I mean, we've all got

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Speaker 1: a climate footprint. Airlines, sure lot of emissions. Tell us

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Speaker 1: about them in your annual report. I get that issues

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Speaker 1: through insurance company. Surely they would have done it anyway,

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Speaker 1: given that's basically their business. But turners, good on turners.

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Speaker 1: You know as in the cars as raise relevant issues. One,

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Speaker 1: it wasn't similar to Australia, way easier in Australia. We

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Speaker 1: were hobbling ourselves too. They opened themselves up to prosecution.

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Speaker 1: This is directors and things like that. Three, it cost

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Speaker 1: a fortune to get someone to write all the mumbo

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Speaker 1: jumbo that for many companies wasn't remotely necessary. Even MB

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Speaker 1: wrote a report saying the cost of all as nonsense

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Speaker 1: were prohibitive. But don't worry as long as we're world leading.

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Speaker 1: What Labour never understood, no doubt they still do now

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Speaker 1: is putting the cost of business up is counterproductive. Having

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Speaker 1: our competitors outpace us because we're bogged down is counterproductive.

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Speaker 1: And even if we all wrote glorious page page page,

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Speaker 1: page page after page about our footprints and climate intent,

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Speaker 1: what difference did any of it make to the environment,

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Speaker 1: What got changed or saved or solved? The tragedy was

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Speaker 1: too much of the media got sucked into clearly still

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Speaker 1: does sucked into the fields. I mean, all you had

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Speaker 1: to do was say, look, it's a world first and

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Speaker 1: then mix the words in climate world first, and you

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Speaker 1: had them hook line and sinker. For more from the

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Speaker 1: mic Asking Breakfast. Listen live to news talks at B

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Speaker 1: from six am weekdays, or follow the podcast on iHeartRadio