Editorial: A Poor Policy
OPINION: At a time when farmers are advocating for less government spending and no new taxes, the dairy sector is rightly concerned by ACT's new immigration policy.
ACT won't back making the proposed sustainable finance taxonomy - a classification tool giving banks and investors guidance on how farms are delivering on sustainability - mandatory.
As ACT agriculture spokesman Mark Cameron says: "the whole idea is about of slapping farms with a red, amber or green label so the banks know which ones tick the 'right' boxes, according to a Wellington-approved definition of what's 'sustainable'."
Cameron says it might sound harmless if it stays voluntary.
"But the proposal spells it out: the plan is to make it mandatory down the track. That's where ACT says no."
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