Podcast appearances and mentions of genesis energy

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Best podcasts about genesis energy

Latest podcast episodes about genesis energy

The Mike Hosking Breakfast
Malcolm Johns: Genesis Energy CEO on the new solar farm in Canterbury

The Mike Hosking Breakfast

Play Episode Listen Later Apr 29, 2025 4:34 Transcription Available


More than 90-thousand solar panels are now generating power for near 13-thousand homes in Canterbury. New Zealand's largest solar farm has opened at Lauriston on the Canterbury Plains. The 93 hectare plant is a joint venture between Genesis Energy and FRV Australia. Genesis Energy Chief Executive Malcolm Johns told Mike Hosking New Zealand will still need a coal reserve in the future. He says there will be periods of time where the wind isn't blowing or the rain hasn't come, and we will need to lean on thermal generation. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
John Carnegie: Energy Resources Aotearoa CEO 'unsurprised' by Genesis Energy slowing down gas production

Heather du Plessis-Allan Drive

Play Episode Listen Later Apr 17, 2025 4:20 Transcription Available


Genesis Energy has confirmed it plans to shift its focus over to coal, as gas production declines and no other suitable sources have been found. Genesis has made clear it sees a declining role for gas in electricity generation - despite the Government's attempts to get offshore oil and gas exploration going properly. Energy Resources Aotearoa CEO John Carnegie isn't surprised by this - given the associated challenges. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Best of Business
John Carnegie: Energy Resources Aotearoa CEO 'unsurprised' by Genesis Energy slowing down gas production

Best of Business

Play Episode Listen Later Apr 17, 2025 4:29 Transcription Available


Genesis Energy has confirmed it plans to shift its focus over to coal, as gas production declines and no other suitable sources have been found. Genesis has made clear it sees a declining role for gas in electricity generation - despite the Government's attempts to get offshore oil and gas exploration going properly. Energy Resources Aotearoa CEO John Carnegie isn't surprised by this - given the associated challenges. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tech Beyond Gender Talks
Episode 35: Suzanne Holland: Redefining Leadership – Letting Go of the Superwoman Myth

Tech Beyond Gender Talks

Play Episode Listen Later Apr 6, 2025 56:46


In this inspiring episode of Tech Beyond Gender, Suzanne Holland, GM of Strategy, Architecture and Planning at Genesis Energy, shares candid reflections from her 27+ year journey in tech. From solving problems with code to leading enterprise-wide transformations, Suzanne opens up about what it means to lead authentically, build trust, and empower others.She speaks powerfully about the hidden pressures women place on themselves, the importance of visible role models, and how sponsors—not just mentors—can accelerate careers.Tune in for practical wisdom, honest truths, and a refreshing take on what it really means to thrive in tech leadership—without doing it all.#WomenInTech #AuthenticLeadership #TechBeyondGender #DiversityInTech #LetGoOfSuperwoman #LeadershipJourney #InclusiveTech #MentorshipMatters #Empowerment #CareerGrowth #TechTransformation

Early Edition with Kate Hawkesby
Malcolm Johns: Genesis CEO on the coal restock at Huntly Power Station to avoid a generation shortfall

Early Edition with Kate Hawkesby

Play Episode Listen Later Feb 17, 2025 4:34 Transcription Available


Genesis Energy says it's doing what it can to ensure Huntly Power Station helps the country avoid another generation shortfall this winter. More than 500,000 tonnes of coal was restocked earlier this month, with another 500,000 tonnes on the way before September, in anticipation of demand. Genesis Chief Executive Malcolm Johns told Andrew Dickens Huntly's units ran at full capacity last winter, working their way through 800,000 tonnes of coal. He says a million tonnes is about appropriate for what he believes can be put through the machines. Johns says this kind of preparation will still be needed in the future, even with 95% renewable generation in New Zealand in 2035. He says 100% renewable can't genuinely be reached, and back up is needed for when the rain doesn't come and the wind doesn't blow. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Stephen England-Hall: Genesis Energy chief retail officer on the company taking a majority 65 percent stake in ChargeNet

Heather du Plessis-Allan Drive

Play Episode Listen Later Oct 2, 2024 6:07


Genesis Energy has confirmed it will spend $64 million on taking a majority stake in ChargeNet - the nation's leading EV public charging network. Under terms of the agreement, Genesis will acquire a 65 percent stake in ChargeNet, which was founded in 2015 by tech entrepreneurs Steve and Dianna West. Genesis chief retail officer Stephen England-Hall says decarbonising New Zealand's transport output is critical to the country's future. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Best of Business
Stephen England-Hall: Genesis Energy chief retail officer on the company taking a majority 65 percent stake in ChargeNet

Best of Business

Play Episode Listen Later Oct 2, 2024 6:16


Genesis Energy has confirmed it will spend $64 million on taking a majority stake in ChargeNet - the nation's leading EV public charging network. Under terms of the agreement, Genesis will acquire a 65 percent stake in ChargeNet, which was founded in 2015 by tech entrepreneurs Steve and Dianna West. Genesis chief retail officer Stephen England-Hall says decarbonising New Zealand's transport output is critical to the country's future. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Mike Hosking Breakfast
John Harbord: Major Electricity Users' Group Chair on the energy crisis highlighting the downsides of renewable power

The Mike Hosking Breakfast

Play Episode Listen Later Aug 13, 2024 2:53


It's believed New Zealand's current energy dilemmas highlight the double-edged sword of renewable power.  Low lake levels, acute gas shortages, and periods of low wind have contributed to a looming energy supply crisis and skyrocketing prices.  Our biggest gas user, global methanol manufacturer Methanex, will shut down its Kiwi operations until October and redirect its gas to Contact Energy and Genesis Energy.   Major Electricity Users' Group Chair John Harbord says it's a fix, but just a temporary one.  He told Mike Hosking new gas is urgently needed no matter if it's imported or explored.  Harbord says being reliant on renewable energy also means an increased reliance on gas and coal.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Mike Fuge: Contact Energy CEO on Methanex temporarily shutting down New Zealand operations

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 13, 2024 2:49


There's praise for a deal to free up gas to help keep the country's lights on. The nation's biggest gas user, Methanex, will shut down Kiwi operations until October - and is selling its gas to Contact Energy and Genesis Energy. It'll let them generate more power to combat a supply shortage that's sent power prices skyrocketing. Contact Energy CEO Mike Fuge says it will cost Methanex some export earnings. He says that's outweighed by the benefit to the country. "In terms of the security of supply - that's what our focus is at the moment and we're very confident that we'll be able to see the country through."  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Money Made Simple
MMS #27 | Tips n' tricks to tackle the cost of living crisis PART ONE

Money Made Simple

Play Episode Listen Later Jul 14, 2024 17:47


In this episode of Money Made Simple, join Jennie and Liv as they dive into the hot topic of the cost of living crisis, offering insights and practical suggestions to help you navigate what can feel like ever-increasing expenses. This episode covers:An exploration of the factors contributing to the cost of living crisis, including the pandemic, supply chain issues, labour shortages and geopolitical tensionsA look at how the impact on everyday expenses in New Zealand, from housing to groceries, bills and beyondDiscussion on practical cost-cutting strategies, such as smart grocery shopping, optimising household bills, and managing non-essential spendingPersonal experiences around how we've adjusted own spending in response to the cost of living increasesSome great tips from other reliable sourcesCreative solutions for reducing expenditures while still enjoying your life, like entertaining at home and making the most of free communities activitiesResources we mention in this episode:- Money Hub's guide on lowering your power bill- Sorted.org for budgeting tools- Genesis Energy's advice on reducing hot water costs- Repair CafeBy the end of part one of this two part episode, you'll gain some valuable insights into some of the drivers of the current economic situation and discover practical ways to stretch your dollar further during these challenging times.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

Heather du Plessis-Allan Drive
Malcolm Johns: Genesis Energy CEO on the company increasing coal imports amid dwindling gas supply

Heather du Plessis-Allan Drive

Play Episode Listen Later May 8, 2024 5:47


Genesis Energy has confirmed they plan to resume buying coal amid reduced gas supplies and increased consumer demand. The company claims it needs to invest in a solid stockpile to ensure customers can access what they need for the time being. CEO Malcolm Johns warns the company will dip below the 350,000 tonne threshold by spring. "We're going to have to buy coal to top that stockpile up for next winter, and probably the winter after that as well." LISTEN ABOVE  See omnystudio.com/listener for privacy information.

RNZ: Nine To Noon
Genesis looks to coal to shore up power supplies

RNZ: Nine To Noon

Play Episode Listen Later May 7, 2024 11:11


Buying coal is back on Genesis Energy's agenda - it says it's necessary to ensure a backup of energy supply this winter and beyond amid a gas shortage. 

RNZ: Morning Report
Genesis Energy to resume importing coal

RNZ: Morning Report

Play Episode Listen Later May 7, 2024 11:47


Genesis Energy has announced on Wednesday morning it will resume importing coal, with gas supply falling faster than projected. Resource Minister Shane Jones spoke to Corin Dann.

energy policy resume coal importing genesis energy corin dann
RNZ: Morning Report
Morning Report Essentials for Wednesday 8 May

RNZ: Morning Report

Play Episode Listen Later May 7, 2024 30:13


On today's episode, Labour leader Chris Hipkins discusses MP behaviour and Corrections funding, Genesis Energy is to resume importing coal, Resource Minister Shane Jones joins us, a Te Pāti Māori MP is facing backlash across the political spectrum for using inflammatory language in the House, MP Mariameno Kapa-Kingi joins us, and the Eurovision song competition is underway, we get the latest from Sweden form journalist Callum Rowe.

Early Edition with Kate Hawkesby
Simeon Brown: Energy Minister on the increase of coal burning to keep up with energy demand

Early Edition with Kate Hawkesby

Play Episode Listen Later May 7, 2024 4:22


More coal's being burned to keep up with energy demand.  The Gas Industry Company has revealed there was a 12.5% reduction in gas production last year.  It's also found nearly 30% less gas was produced in the first three months of this year than projected.  Energy Minister Simeon Brown says it's because the last Government's disincentivised gas production.  He told Mike Hosking that the low production's threatening our energy security.  He says news from Genesis Energy shows they're burning a lot more coal to meet that need, which is twice as carbon intensive than burning gas.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

RNZ: Nine To Noon
Wood-based energy industry starting to gather steam 

RNZ: Nine To Noon

Play Episode Listen Later Apr 28, 2024 15:09


Black wood pellets are seen as a potential silver bullet replacement for coal by major industrial users in New Zealand like Fonterra and Genesis Energy. 

95bFM: The Wire
Smith vs Fonterra Case w/ Amanda Larsson: 15 February, 2024

95bFM: The Wire

Play Episode Listen Later Feb 14, 2024


The Supreme Court found that Northland iwi leader Mike Smith (Ngāpuhi, Ngāti Kahu) has the right to sue seven big polluters in Aotearoa New Zealand, including Fonterra, Genesis Energy and Z Energy for their role in contributing to climate change. The ruling also denies these companies from attempting to strike out the case, and it will now continue to trial. Beth spoke to Head of Campaigns for Greenpeace Aotearoa, Amanda Larssen, about this win, and its significance for our climate.

The Mike Hosking Breakfast
Stephen England-Hall: Chief Retail Officer at Genesis on the reason they're raising their prices for the second time in eight months

The Mike Hosking Breakfast

Play Episode Listen Later Jan 23, 2024 3:16


Electricity prices are continuing to bite as kiwis deal with a scorcher of a summer.  Genesis Energy is raising its prices for the second time in the span of eight months, increasing rates for 11% of their customers.  Inflation is being blamed.  Genesis' Chief Retail Officer Stephen England-Hall told Tim Dower that the cost of energy is growing with demand, as kiwis seek to decarbonize their lives and increase their electricity usage as a result.  He said that they're trying to be as fair and reasonable as they can, as they're very conscious of the cost-of-living crisis.   LISTEN ABOVE See omnystudio.com/listener for privacy information.

Shared Lunch
Quick bite: Genesis Energy & NZ's net-zero strategy

Shared Lunch

Play Episode Listen Later Dec 11, 2023 4:37


Genesis Energy CEO Malcolm Johns discusses the realities of adopting an extensive renewable strategy to achieve 95% renewable electricity generation by 2035, aligning with New Zealand's 2050 net-zero carbon legislation. This is a quick bite from our previous episode: Genesis Energy–charged for change. For more or to watch the episod on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Shared Lunch
Genesis Energy—charged for change

Shared Lunch

Play Episode Listen Later Dec 6, 2023 37:47


So how does gentailer Genesis leverage its maligned coal and gas assets to help forge a new future in renewables?  New CEO Malcolm Johns tells us why he took on one of the biggest challenges in the energy sector. He says the so-called ESG discount applied to the Genesis share price will be harder for the market to justify under its new strategy. Our conversation also covers how Genesis plans to cut costs, its lower dividend, and shoring up  national supply when hydro, wind and solar are down.  For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

RNZ: Nine To Noon
Genesis shifts approach to renewable energy; large battery planned at Huntly

RNZ: Nine To Noon

Play Episode Listen Later Nov 30, 2023 20:38


Genesis Energy wants to install a grid-scale battery at its Huntly Power Station as part of a shift to a renewable energy based electricity generator. 

Heather du Plessis-Allan Drive
Malcolm Johns: Genesis Energy CEO on the company's plan to produce 95 percent renewable electricity by 2030

Heather du Plessis-Allan Drive

Play Episode Listen Later Nov 30, 2023 5:05


Genesis Energy is making moves to meet its promise of producing 95 percent renewable energy by 2030. The company plans to use profits from Kupe gas field to support a $1.1 billion programme to build solar and wind generation and grid-scale battery storage. Chief executive Malcolm Johns says it's likely Genesis will meet their target within the coming years. "We're not starting from a cold start, we have a number of things under way, particularly in the area of solar and wind development. Battery will take us about 18 months to put in place, we're pretty confident." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Best of Business
Malcolm Johns: Genesis Energy CEO on the company's plan to produce 95 percent renewable electricity by 2030

Best of Business

Play Episode Listen Later Nov 30, 2023 5:14


Genesis Energy is making moves to meet its promise of producing 95 percent renewable energy by 2035. The company plans to use profits from Kupe gas field to support a $1.1 billion programme to build solar and wind generation and grid-scale battery storage. Chief executive Malcolm Johns says it's likely Genesis will meet their target within the coming years. "We're not starting from a cold start, we have a number of things under way, particularly in the area of solar and wind development. Battery will take us about 18 months to put in place, we're pretty confident." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Business  News
Midday Business News for 30 November 2023

Business News

Play Episode Listen Later Nov 29, 2023 9:02


Genesis Energy is planning to spend more than a billion dollars on renewable energy projects over the next decade, but says it will still need the fossil fuel fired Huntly Power Station to back up power supply well into the future. Anan Zaki has the business news.

economy business news genesis energy
Business  News
Midday Business News for 20 October 2023

Business News

Play Episode Listen Later Oct 19, 2023 8:12


Genesis Energy is looking to axe up to 200 jobs as it looks to revamp its retail business. Gyles Beckford has the business news.

business business news genesis energy gyles beckford
Ticket Volume
67. The power of Simulations in ITSM training, with James Gander

Ticket Volume

Play Episode Listen Later Sep 21, 2023 33:19


ITSM is all about serving the people. And that counts for both sides of the equation. IT industry veteran James Gander walks us through the power of simulations in ITSM training and service desk environments. He highlights their ability to encourage communication and collaboration amongst teams, and real-life experiences over pure books and theory. He also shares some recent projects, such as The Project Phoenix and MarsLander, and examples of remote simulations. James Gander has over 30 years working in the IT industry. In 2010 he left full-time employment and started serving as Managing Director of Gander Service Management. He worked in the past in many IT roles at different companies like Xansa, Waikato District Health Board, Genesis Energy, the University of Auckland, Northpower, and Carter Holt Harvey. James is also a contributor to VeriSM and has made appearances on other IT media channels, like The ITSM Crowd, Karen Ferris's Conversations, and more.

Between the Bells
Morning Bell 21 September

Between the Bells

Play Episode Listen Later Sep 20, 2023 2:46


Well US equities declined overnight after the Federal Reserve announced that it would leave interest rates unchanged but indicated another rate hike later this year and a delayed beginning to the rate cuts in 2024, which was different to previous rate expectations. All major US benchmarks closed lower, with the Nasdaq down the most, weighed down by Microsoft and Alphabet. And 2-year US Treasury yields climbed to the highest level since 2006, while the 10-year yield reached 4.4%. What to watch today:Following US markets, the SPI futures are suggesting that the Australian share market will open 0.3% lower this morning. In commodities, Crude oil is trading in the red, coming down from its over ten-month high, reached in the previous session, after the Energy Information Administration showed that US crude inventories fell by more than 2 million barrels last week, in line with expectations. Gold is trading flat after the Fed kept the Fed Funds rate steady. And iron ore has dropped, easing from the five-month high hit mid-September, as markets weighed on uncertainty from Chinese property developers. And stocks going ex-dividend today include Capital Health (ASX:CAJ), Genesis Energy (ASX:GNE), NRW Holdings (ASX:NWH) and Pacific Smiles Group (ASX:PSQ). Trading Ideas:Bell Potter maintains a Buy rating on Life360 (ASX:360) in anticipation of a strong Q3 result and a chance of an upgrade to 2023 guidance. The market leading app for families includes a range of features from communications to driving safety and location sharing. Bell Potter have increased their price target by 5% to $11.00, which is a 28% premium to the share price. And Bell Potter also maintains a Speculative Buy rating on Conrad Asia Energy (ASX:CRD). The company is focused on progressing several gas projects located in offshore Indonesia. Bell Potter have lowered their valuation from $2.40 to $2.30, and at the current share price of $1.38, this implies 67% share price growth in a year. 

Early Edition with Kate Hawkesby
Luke Blincoe: Electric Kiwi CEO on the Commerce Commission complaint that electricity providers are abusing their power

Early Edition with Kate Hawkesby

Play Episode Listen Later Sep 6, 2023 1:51


The country's big four electricity providers are being accused of abusing their power.  Electric Kiwi is taking a complaint to the Commerce Commission, claiming that Meridian, Mercury, Genesis, and Contact are taking advantage of their market dominance and driving out competition.  Chief Executive Luke Blincoe told Kate Hawkesby the complaint is extensive.  He says there are 37 pages of examples of actual refusal to supply some hedge products and constructive refusal to supply, meaning prices are offered but they're well outside the market.   Mercury is rejecting Electric Kiwis' claim, saying it supplies hedge products to Electric Kiwi and other retailers.  It claims the electricity market is highly competitive.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

RNZ: Morning Report
Contact Energy make $573 million in last year

RNZ: Morning Report

Play Episode Listen Later Aug 31, 2023 4:27


Billions of dollars of collective profits being made by New Zealand's top four electricity providers have prompted claims from the consumer watchdog that the system is broken. In the last year, Mercury Energy made $841 million before tax, Meridian Energy made $783 million, and Genesis Energy made $523.5 million - all of which are part-owned by the government. Contact Energy, the only privately owned company of the four, made $573 million before tax. Contact Energy chief executive Mike Fuge spoke to Ingrid Hipkiss.

RNZ: Nine To Noon
Wairoa floods: mayor pushes for inquiry

RNZ: Nine To Noon

Play Episode Listen Later Apr 18, 2023 20:51


A month after the Wairoa mayor Craig Little asked the Hawkes Bay Regional Council to launch an inquiry into the February floods he's still waiting for an official response. Up to 400 homes on the north side of the town were inundated when the Wairoa River broke its banks during Cyclone Gabrielle. Some residents remain out of their homes. Mr Little says frustration is growing in the community over exactly what caused such a devastating event. In a letter to the Council last month he raised a raft of issues which he wants urgently investigated, including the role Genesis Energy may have played and the impact of forestry slash. He tells Kathryn the reasons for the severity of the flood need to be identified so history doesn't repeat.

Business  News
Midday Business News for 14 October 2022

Business News

Play Episode Listen Later Oct 13, 2022 8:15


News from the business sector Manufacturing sector activity eased back to its slowest pace in three months in September. The outgoing boss of Genesis Energy has called out "populist media" for focusing on its bottom line profit. Export incomes are under pressure from weaker global demand, with the regions set for leaner times over the next couple of years.

RNZ: Business  News
Midday Business News for 14 October 2022

RNZ: Business News

Play Episode Listen Later Oct 13, 2022 8:15


News from the business sector Manufacturing sector activity eased back to its slowest pace in three months in September. The outgoing boss of Genesis Energy has called out "populist media" for focusing on its bottom line profit. Export incomes are under pressure from weaker global demand, with the regions set for leaner times over the next couple of years.

Heather du Plessis-Allan Drive
Murray Ellis: Energy consultant says our power system is running too close to the edge on total capacity

Heather du Plessis-Allan Drive

Play Episode Listen Later Jun 23, 2022 2:57


This morning's power woes came close to a repeat of the power cuts which occurred in August last year.Transpower declared a “grid emergency” during the period of peak morning demand.It was due to a mechanical failure at one of Contact Energy's power plants, a sudden drop in wind speeds, and a drop in power from one of the five turbines at Genesis Energy's Huntly Power Station.Energy consultant Murray Ellis told Heather Du Plessis Allan New Zealand's power system is running too close to the edge on its total capacity.“When things like the wind speed is dropping, it's not exactly unforeseen or unexpected.”LISTEN ABOVE

First Light with Rachel Smalley
View from the Top: Genesis Energy CEO Marc England

First Light with Rachel Smalley

Play Episode Listen Later Jun 16, 2022 5:59


It's time for our view from the top, this morning it's Genesis Energy CEO Marc England.See omnystudio.com/listener for privacy information.

RNZ: Morning Report
Genesis Energy on going renewable

RNZ: Morning Report

Play Episode Listen Later May 16, 2022 5:00


The government is promising at least half of the energy we use will come from renewable resources by 2035. Under the Emissions Reductions Plan, the government will phase out the use of coal boilers and develop a gas transition plan. But what does this mean for Genesis Energy, which still operates a coal-fired power plant in Huntly? Chief executive Marc England spoke to Susie Ferguson.

chief policy infrastructure renewable huntly susie ferguson genesis energy
Recap
Air NZ to reveal details of its capital raise; Genesis Energy found not to have breached power market rules; Fortescue enters an unexpected trading halt

Recap

Play Episode Listen Later Mar 30, 2022 11:05


In some late breaking news: Air NZ (AIR) is to hold a press conference at 6:20pm to offer details of its capital raise, the airline's shares are in a trading halt until 10am Thursday. The Electricity Authority says Genesis Energy didn't breach electricity market rules by not generating more power during the blackout of August 9, 2021. Lululemon posted better-than-expected fourth quarter earnings despite reduced store hours due to an increase in Omicron infections. Fortescue goes into an out-of-nowhere trading halt after announcing a green hydrogen deal in Germany. www.sharesies.com For more share market news, subscribe to Lunch Money, Sharesies' bite-sized email update: https://www.sharesies.nz/lunch-money If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message. Investing involves risk. You aren't guaranteed to make money, and you might lose the money you start with. We don't provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider

The Mike Hosking Breakfast
Marc England: Genesis Energy CEO says we need to get more women into technical roles which generally pay more

The Mike Hosking Breakfast

Play Episode Listen Later Mar 24, 2022 3:32


A call for caution in pay transparency legislation.  The Government is looking at a policy which would make it mandatory for companies to report their gender pay disparity.  Genesis Energy has been doing just that for, voluntarily, for two years.  CEO Marc England says the right measurement needs to be made, and simply comparing all salaries as one gives an inaccurate picture.  He told Mike Hosking he doesn't think it should be mandatory and there are other ways to ease the disparity.  England says we need to figure out how to get more women into more technical roles, which generally pay more. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Best of Business
Marc England: Genesis Energy CEO says we need to get more women into technical roles which generally pay more

Best of Business

Play Episode Listen Later Mar 24, 2022 3:32


A call for caution in pay transparency legislation.  The Government is looking at a policy which would make it mandatory for companies to report their gender pay disparity.  Genesis Energy has been doing just that for, voluntarily, for two years.  CEO Marc England says the right measurement needs to be made, and simply comparing all salaries as one gives an inaccurate picture.  He told Mike Hosking he doesn't think it should be mandatory and there are other ways to ease the disparity.  England says we need to figure out how to get more women into more technical roles, which generally pay more. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Between the Bells
Morning Bell 17 March

Between the Bells

Play Episode Listen Later Mar 16, 2022 4:49


Before we begin, we wanted to let you know that this week, we've donated $10,000 to Foodbank, as the clean-up and support efforts continue through flood affected regions in Australia. Foodbank is an organisation that is supplying food and water to the front line of the flood crisis including the SES volunteers. To help support the cause, you can donate here:  https://foodbank.raisely.com/helpnswfloodvictimsYesterday, the local market advanced 1.1%, with all sectors closing in the green. The broad rally was led by the tech sector, which gained 3.3%, while the energy sector performed the worst, lifting just 0.2%, following a further decline in the oil price.  Looking at the ASX200 leaderboard, five of the top 10 best performing stocks, were tech shares, including Life360 (ASX:360) which was up the most, rising 7.4%. On the flip side, Super Retail Group (ASX:SUL) and Nanosonics (ASX:NAN) both declined around 3%, and Uniti Group (ASX:UWL) dropped 1.3%, as investors may have taken a bit of profit off the table following the stocks strong rise on Tuesday, after confirmation that it was in takeover talks. The most traded stocks by Bell Direct clients yesterday, Lake Resources (ASX:LKE) was again on top of the list, lifting over 11% yesterday, set to be added to the ASX300 Index on the 22nd of March. Also highly traded was the Vanguard Australian Fixed Interest Index ETF (ASX:VAF), BHP Group (ASX:BHP) and Telstra (ASX:TLS).Moving to the US, all three benchmarks closed in the green after the US Federal Reserve announced its first rate hike in more than three years, with officials indicating an aggressive path ahead, meaning we could see further rate rises at each of its remaining six meetings of this year. The Fed approved a 0.25% rate hike, which brings the rate now into a range of 0.25% - 0.50%.What to watch today: Following the positive session in the US, the futures are suggesting that the Aussie share market is set to open 1.6% higher this morning.  In commodities, the oil price continued to sink following Russia-Ukraine optimism and an increase in US inventories. The oil price is currently trading at US$95 a barrel. The gold price remained steady, at US$1,926 an ounce, after the US Fed hiked rates as expected. And the seaborne iron ore price is currently trading higher at US$148 a tonne.In economic news, the unemployment rate for February will be released today. As a reminder, the unemployment rate came in at 4.2% in January, which was unchanged from the month prior. For today, consensus is expecting February's rate to come in at 4.1%. Coronado Global Resources (ASX:CRN), DDH1 (ASX:DDH), PWR Holdings (ASX:PWH), Genesis Energy (ASX:GEN), Fletcher Building (ASX:FBU) and electricity generation company Meridian Energy (ASX:MEZ) are set to go ex-dividend today. Trading Ideas:Bell Potter have maintained its BUY rating on drilling contractor DDH1 (ASX:DDH) with a price target of $1.56. Bell Potter expects ongoing rig fleet growth to drive calendar year 2022 earnings, while normalising domestic border conditions present operational upside. DDH closed flat yesterday at $1.04, which implies about 50% share price growth in a year. Trading Central has a bullish signal on Alpha HPA (ASX:A4N), indicating that the stock price may rise from the close of $0.57 to the range of $0.61 - $0.63 in the next 16 days according to standard principals of technical analysis. Bell Potter also has a speculative BUY rating on the stock with a 12-month valuation of $0.96. 

Recap
An update on the Russia-Ukraine conflict; Genesis Energy powers up profits; Restaurant Brands bounces back from COVID-19.

Recap

Play Episode Listen Later Feb 28, 2022 10:54


As the Russia-Ukraine conflict unfolds, markets brace themselves for an uncertain week ahead. Genesis Energy (GNE) records a boost in its half year profits, and also upgrades its guidance for its full financial year. Restaurant Brands (RBD) reports improvements in its financial results, despite COVID-19 disruptions. www.sharesies.com For more share market news, subscribe to Lunch Money, Sharesies' bite-sized email update: https://www.sharesies.nz/lunch-money If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message. Investing involves risk. You aren't guaranteed to make money, and you might lose the money you start with. We don't provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider

Heather du Plessis-Allan Drive
Marc England: Genesis Energy CEO says they think they've seen peak coal usage and will decline fast

Heather du Plessis-Allan Drive

Play Episode Listen Later Nov 5, 2021 3:44


It's time for the big promises at COP26, as New Zealand has signed up to a pledge to phase out coal in the 2030s.New Zealand imported more coal than ever before this year to power homes and businesses.Genesis Energy CEO Marc England told Heather du Plessis-Allan they don't have a plan for phasing coal out yet, but this year is seeing a huge decrease in burning coal.“Going forward, we think we've seen peak coal and we'll see it decline quite fast from here.”LISTEN ABOVE

Shared Lunch
Genesis Energy CEO Marc England on sustainability and a zero carbon future

Shared Lunch

Play Episode Listen Later Oct 21, 2021 42:12


This week, Alice and Chris host Marc England, CEO of Genesis Energy. Marc provides an overview of Genesis and their financial performance, their work on sustainability and what the future holds for the company. Lunch Money is made for you, by Shareises. Episodes are recorded fortnightly. Register for upcoming episodes and submit your questions over on Crowdcast (https://www.crowdcast.io/sharesies). If there are any companies, fund managers, or other special guests you'd like to see on Lunch Money, flick us an email at events@sharesies.co.nz to let us know! Subscribe to the Lunch Money email newsletter for bite-sized market updates three times a week: https://www.sharesies.nz/lunch-moneyOr, if you're looking for a daily recap of the events shaping the New Zealand, Australian, and US share markets, tune in to our Recap podcast: https://www.sharesies.nz/recap Investing involves risk. You aren't guaranteed to make money, and you might lose the money you start with. We don't provide personalised advice or recommendations—for specific advice, speak to a licensed financial advice provider. Any information we provide is general only and current at the time.

Between the Bells
Morning Bell 23 September

Between the Bells

Play Episode Listen Later Sep 22, 2021 4:14


Evergrande Group, China's second biggest property developer, managed to rack up staggering debts of more than $432 billion dollars, on the brink of collapse. However, at the very last minute managed to ink a deal to keep it afloat. News of this deal helped the iron ore price surge and Aussie materials stocks make steep gains, lifting the broader market by 0.32%. In the US, all three benchmarks closed in the green. This comes after the Fed announced it was not ready to remove stimulus yet. While no specific timeline was provided as to when it may begin moderating its purchases, in the Fed's post-meeting statement, they noted “if progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted.”Following a strong night of trade on Wall Street, the futures are suggesting the Aussie share market will open 0.19% higher this morning.What to watch today:In economic news, the Manufacturing PMI Flash data and the Services PMI Flash data will be released today at 9am AEST.Companies ex-dividend today include Eagers Automotive (ASX:APE), NRW Holdings (ASX:NWH), Cochlear (ASX:COH) and Genesis Energy (ASX:GNE).Suncorp Group (ASX:SUN) holds its AGM today and Brickworks (ASX:BKW) are set to report today.The most traded stocks by Bell Direct clients yesterday included Zip (ASX:Z1P). Its shares lifted 4.3% yesterday to $6.51 following investors responding positively to the company's strategic US$50 million investment in India-based BNPL operator ZestMoney. ZestMoney was founded in 2015 and is now one of the largest and fastest growing BNPL platforms in India. Another highly traded stock yesterday by Bell Direct clients was Fortescue Metals (ASX:FMG). Its shares lifted 4.2% yesterday, bouncing off 14-month lows following the news that China's embattled real estate developer Evergrande will meet its bond interest payments due today. The oil price climbed more than 2%, following a greater than expected drawdown of US supplies. The gold price fell after the Fed signalled a sooner than expected interest rate hike, while the palladium price lifted over 6%.  Trading ideas:Bell Potter has maintained its BUY recommendation on iron ore company Fortescue Metals Group (ASX:FMG), however have decreased its price target to $20.87 (previously $22.52). At its current share price value of $15.37, this implies about 36% share price growth.Bullish charting signals have been identified in De Grey Mining (ASX:DEG), Aussie Broadband (ASX:ABB) & REA Group (ASX:REA), according to Trading Central.

Parliament - Live Stream and Question Time
Question Time for 12 August 2021

Parliament - Live Stream and Question Time

Play Episode Listen Later Aug 12, 2021 53:03


HELEN WHITE to the Minister of Finance: What recent reports has he seen on the New Zealand economy? RICARDO MENÉNDEZ MARCH to the Minister for Social Development and Employment: Does her Government's commitment to “overhauling the welfare system” include ensuring low-income communities are supported to deal with the effects and costs of climate change; if not, why not? ANDREW BAYLY to the Minister of Finance: Has he reassessed any of his spending plans, since Statistics NZ reported inflation is 3.3 percent, and most banks are now predicting swift increases in interest rates over the next year? ANAHILA KANONGATA'A-SUISUIKI to the Minister of Housing: What recent announcements has she made about support for Community Housing Providers? CHRIS BISHOP to the Minister for COVID-19 Response: Will the Government administer 8,016,768 doses of the COVID-19 vaccine by the week of 21 November 2021 as set out in the Ministry of Health's “Original cumulative vaccinations model”, and does he have confidence in the vaccine roll-out? ARENA WILLIAMS to the Minister for Social Development and Employment: How is the Government delivering more pathways into mahi for job seekers? BARBARA KURIGER to the Minister of Energy and Resources: Will she apologise to Genesis Energy for her statement that Genesis made a “commercial decision” when it came to how much generation to have online on Monday night, and what are the terms of reference, if any, for the review she has instructed the Ministry of Business, Innovation and Employment to undertake? IBRAHIM OMER to the Associate Minister of Education: What recent progress has she seen in education on implementing Recommendation 36 of the Royal Commission of Inquiry into the terrorist attack on Christchurch masjidain on 15 March 2019? RAWIRI WAITITI to the Minister of Housing: Does she have confidence in the Ministry of Housing and Urban Development? MARJA LUBECK to the Minister of Transport: What recent announcements has he made on the Pūhoi to Warkworth motorway? DAMIEN SMITH to the Minister for Racing: Is he satisfied with the operations of the TAB? TIM VAN DE MOLEN to the Minister for Building and Construction: Does she stand by all of her statements and actions?

Kerre McIvor Mornings Podcast
Bob Weir: Former Genesis Energy General Manager as finger pointing continues over major North Island power cut

Kerre McIvor Mornings Podcast

Play Episode Listen Later Aug 11, 2021 5:04


The finger pointing continues in a bid to shift the blame over a major power cut in the North Island.About 20,000 homes were left in the dark on Monday night, after Transpower asked providers to ease network demand.Genesis Energy's Chief Executive claims the company's portfolio showed there was capacity to manage the demand.Marc England says they couldn't fire up an extra generator by the time the risk was apparent.But Transpower's Head of Grid Delivery John Clark says it issued the first notice at 6.00am.He says during the day it was escalated to a warning notice, and then finally to a grid emergency around 5.00pm.Bob Weir, former General Manager of Generation and Trading at Genesis Energy joined Kere McIvor.LISTEN ABOVE 

RNZ: Checkpoint
Power outages: Genesis CEO says Energy Minister scapegoating, but Woods has questions

RNZ: Checkpoint

Play Episode Listen Later Aug 10, 2021 11:30


Energy Minister Megan Woods has blamed Monday's power cuts on commercial decisions made by electricity companies. Thousands of New Zealanders were left in the dark on one of the coldest nights of the year after their power was intentionally cut to reduce strain on the system. Woods pointed the finger at Genesis Energy, in particular, for failing to turn on its third generator despite having been warned there would be massive demand. But Genesis Energy chief executive Marc England told Checkpoint the company is being scapegoated by the minister. He says it was not a commercial decision to have less supply, but was an operational decision.

RNZ: Nine To Noon
Genesis Energy pushes back at blame from Minister

RNZ: Nine To Noon

Play Episode Listen Later Aug 10, 2021 12:19


The electricity generator and retailer Genesis says it's been unfairly singled out for blame by the Energy Minister over the widespread power cuts on Monday night - one of the coldest of the year. Thousands of households were unable to turn on heaters or lights after the national grid operator Transpower asked lines companies to reduce their load. The Minister Megan Woods blamed the power cuts on commercial decisions made by the electricity companies, in particular pointing the finger at Genesis Energy for failing to turn on its third generator at Huntly despite having been warned there would be massive demand. But Genesis CEO Marc England is pushing back, saying that is an unfair characterisation of the situation.

Heather du Plessis-Allan Drive
Marc England & John Clarke: Who's to blame for last night's power outage?

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 10, 2021 10:03


Genesis Energy's rebuffed claims it's to blame for a major power cut across the North Island.About 20-thousand homes were left in the dark last night after Transpower asked electricity companies to reduce network load.Energy Minister Megan Woods is checking whether providers tried to keep prices high, by generating low amounts of power.But Genesis Chief Executive Marc England says its portfolio indicated there wouldn't be an issue.He says they can only see their own customer demand - not the whole market - and when they looked at it, they felt comfortable.Transpower's head of grid delivery, John Clark, says they're investigating what happened.He says one problem last night was a power station reducing its output, right at the peak.LISTEN ABOVE

Kerre McIvor Mornings Podcast
Bob Weir: Former Genesis Energy General Manager on North Island power outages

Kerre McIvor Mornings Podcast

Play Episode Listen Later Aug 10, 2021 9:41


Questions are being asked over why parts of the country have suffered power cuts due to insufficient power being generated.Around 20,000 North Island households had power cuts last night after Transpower asked lines companies to reduce loads on their networks, as demand surged because of cold temperatures.The national grid operator claims there wasn't enough electricity being generated to keep up with record demand created by cold temperatures.There's been suggestions it's the result of electricity generators focusing on profit over security of supply.Bob Weir, former General Manager of Generation and Trading at Genesis Energy joined Kerre McIvor.LISTEN ABOVE

Heather du Plessis-Allan Drive
John Carnegie: Power outage showed vulnerability of renewable energy

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 10, 2021 6:41


Genesis Energy is accepting some, but not all the blame for yesterday's rolling power outages.Energy Minister Megan Woods has pointed the finger at the power company for putting commercial priorities first and not firing up its third boiler.But Genesis boss Marc England told NewstalkZB that's not fair, as they are only one of several generators in the market that collectively let the ball drop yesterday.Transpower says they had no time to warn people about the power outage because they had to act quickly.But if we get rid of lots of our oil and gas, how will we get by without lots outages like this?John Carnegie from Energy Resources Aotearoa says that while renewable energy is great, and we need more, last night they showed their vulnerabilities (with wind and hydro capacity both dropping  off) so it's important to have a diverse fuel mix.LISTEN ABOVE

Recap
Square to buy Afterpay; Genesis Energy loses carbon credit dispute; Dole combines to make monster produce company

Recap

Play Episode Listen Later Aug 2, 2021 10:39


Square (SQ) buys its way into the BNPL sector by acquiring Afterpay (APT). Genesis Energy (GNE) is pinged in binding arbitration over carbon credit liability. Dole Food Inc. is publicly listed for the third time and merges with Total Produce to create Dole PLC (DOLE). www.sharesies.com For more share market news, subscribe to Lunch Money, Sharesies' bite-sized email update: https://www.sharesies.nz/lunch-money Investing involves risk. You aren't guaranteed to make money, and you might lose the money you start with. We don't provide personalised advice or recommendations. Any information we provide is general only and current at the time.

RNZ: Business  News
Midday Business News for 20 July 2021

RNZ: Business News

Play Episode Listen Later Jul 20, 2021 7:37


Genesis Energy is holding on to its stake in the Kupe gas field, with at least 10 years' supply left. Business Reporter Nicholas Pointon has te pūrongo pakihi.

RNZ: Business  News
Midday Business News for 28 May 2021

RNZ: Business News

Play Episode Listen Later May 28, 2021 8:03


Genesis Energy has struck a gas supply deal with Methanex to support the security of the electricity system.

RNZ: Nine To Noon
Climate Commission plans: sectors push back

RNZ: Nine To Noon

Play Episode Listen Later Mar 30, 2021 33:37


The Climate Change Commission has begun the task of considering 10,000 submissions on its draft blueprint for the government for cutting greenhouse gas emissions in line with our commitment to the Paris Climate Accord. Three new national emissions reduction targets are proposed which will ramp up to 36 per cent each year between 2030 and 2035. The recommendations include an almost total transition to electric cars as soon as 2035, including banning petrol car imports; banning gas connections in new houses by 2032; cutting the dairy herd by 15 percent by 2030, large increases in renewable energy generation, and planting more native forests. Kathryn speaks with three sector leaders impacted by the proposals: Marc England, Chief Executive of Genesis Energy; John Carnegie, Chief Executive of Energy Resources Aotearoa and Dairy NZ Chief Executive Tim Mackle.

RNZ: Nine To Noon
Climate Commission plans: sectors push back

RNZ: Nine To Noon

Play Episode Listen Later Mar 30, 2021 33:37


The Climate Change Commission has begun the task of considering 10,000 submissions on its draft blueprint for the government for cutting greenhouse gas emissions in line with our commitment to the Paris Climate Accord. Three new national emissions reduction targets are proposed which will ramp up to 36 per cent each year between 2030 and 2035. The recommendations include an almost total transition to electric cars as soon as 2035, including banning petrol car imports; banning gas connections in new houses by 2032; cutting the dairy herd by 15 percent by 2030, large increases in renewable energy generation, and planting more native forests. Kathryn speaks with three sector leaders impacted by the proposals: Marc England, Chief Executive of Genesis Energy; John Carnegie, Chief Executive of Energy Resources Aotearoa and Dairy NZ Chief Executive Tim Mackle.

Kerre McIvor Mornings Podcast
Marc England: Genesis Energy announces plans to replace fossil fuels with renewables

Kerre McIvor Mornings Podcast

Play Episode Listen Later Dec 10, 2020 11:24


In the wake of the Government announcing a climate change emergency and a move to buying EV's, Genesis Energy has announced it's plans to replace its fossil-fueled electricity with renewables.Genesis wants to cut its annual emissions by 1.2 million tonnes of carbon dioxide by 2025.The plan will double the pace of Genesis' earlier goals – and is equivalent to removing more than 272,000 petrol cars from the road for a year.CEO Marc England joins Kerre McIvor to talk about the announcement.LISTEN ABOVE

RNZ: Nine To Noon
Electricity watchdog upholds trading complaint

RNZ: Nine To Noon

Play Episode Listen Later Jun 29, 2020 4:33


An Electricity Authority investigation has found more water was spilled from hydro dams than needed for 15 days last December, which ultimately led to higher power prices for customers. The preliminary findings are the result of a complaint of undesirable trading made by a group of eight small electricity providers against Meridian and Contact Energy. The Electricity Authority later widened the probe to include Genesis Energy. The Authority has confirmed that undesirable trading occurred between the 3rd and 18th of December, but it is yet to decide what action to take. The  Authority is now investigating whether the actions were also a breach of the high standards of trading conduct code,  provisions which carry pecuniary penalties.  RNZ's Andrew McCrae is covering the story.

Early Edition with Kate Hawkesby
Marc England: Genesis Energy planning New Zealand's biggest solar farm

Early Edition with Kate Hawkesby

Play Episode Listen Later Feb 24, 2020 3:50


Power generator and retailer genesis energy is in advanced talks to help build New Zealand's biggest solar farm.The developer is under wraps for now, but the project's being proposed for Northern Waikato, and it would be ten times bigger than the solar farm currently planned by Refinery NZ at Marsden Point.The plan will generate 550 gigawatt-hours of electricity.Genesis Energy's CEO Marc England joined Kate Hawkesby to discuss how the project would work and why they are investing in solar power.LISTEN ABOVE  

Women in Law - On The Record
Episode No. 28, Ellie Sullivan, Senior Counsel, Genesis Energy

Women in Law - On The Record

Play Episode Listen Later Jun 3, 2019 51:46


As Senior Counsel at Genesis Energy, Ellie gives insight into what it was like being a new attorney during a period of recession and the unique perspective she held onto that got her from one job to the next. Ellie explains how maximizing the situations she was in helped her get to where she is now and she takes great pride in her ability to persevere.

Magic's Rural Exchange Catchup
Rural Exchange EP168 25th May 2019

Magic's Rural Exchange Catchup

Play Episode Listen Later May 24, 2019 88:37


Richard Loe is in Scotland, we cross to him live. We look at Fonterra's milk price with economist Cameon Bagrie, James Magill from Genesis Energy on their new power deal for Farmers, plus we're joined by regular contributors Angie Skerrett and Richard Green, plus the AFFCO Sports Chat pays tribute to Niki Lauda. 

Andrew Dickens Afternoons
Solar energy proves popular with talkback callers

Andrew Dickens Afternoons

Play Episode Listen Later Jan 22, 2019 2:03


There are hopes the public will opt for sustainable alternatives, as the country sits on the edge of a gas shortage.It comes as Genesis Energy reaches a five-year high in coal burning.READ MORE: Coal burning increases as NZ faces gas shortageThe company says it's due to low hydro storage, plant outages and the bleak outlook of longer term gas supplies because of the government's offshore exploration ban.Talkback callers to the Andrew Dickens Afternoons Show were mostly in favour of using solar panels. With the price decreasing of installing and operating solar panels, many have taken the opportunity to upgrade.Barbara told Andrew Dickens she had recently installed them, but she wasn't in favour of the government subsidising the product."I don’t think it is a good idea for the government to subsidise, and this is coming from someone who has installed solar panels. I put them in 6 months ago, and I love it, but its all about how you use it. You have to use the power during the daytime when you are at home."John says there are some real issues with the peak demand with using solar power, and he believes there is still much work to be done before it can become accessible and worthwhile for everyone."The consumers will just end up having to pay more in the long run. There is still a lot more work and infrastructure which needs to be implemented."LISTEN TO THE AUDIO ABOVE

popular nz proves callers solar energy talkback genesis energy andrew dickens listen to the audio above