Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Not-so-solid future for Solid Energy

Not-so-solid future for Solid Energy

The fate of Solid Energy was the focus for this afternoon’s Post-Cabinet press conference in Wellington.

Prime Minister John Key said the company was in a precarious position but there is “quite of work being done behind the scenes to see what the next step is in the process.”

Key said the Government is conscious of important stakeholders such as employees, creditors and the banks, however ultimately it is the banks’ debt and hence their decision on the future of the company.

“Because the banks control the process it’s a call for them to make.”

Key said liquidation was not a preferred option for the government but that it was again, the banks’ call to make.

The Government has not ruled out non-financial support but Key would not go into detail about what specifically this would entail.

He predicts a resolution in the next few weeks.

Audio here:

Click a link to play audio (or right-click to download) in either
MP3 format or in OGG format.


ENDS


© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Now We Are 18: Scoop’s Kai And Korero

The Scoop Foundation invites Scoop's friends and supporters to celebrate Scoop’s 18th birthday in style... Have a mulled wine starter when you come in from winter outside, and then join friends, colleagues and strangers around a table to discuss our vision for the future of Aotearoa New Zealand. More>>

New Hivemind Exploration: Opening The Election - Freshwater Quality

This is an opportunity for you as one of the 4 million guardians of our common water resources to help us find mutually agreeable solutions to the critical task of collectively managing these resources for health and sustainability. More>>

ALSO:

Gordon Campbell: On Why Trump Is A Good Thing

At this point, its worth noting there’s one good reason for being grateful that Donald Trump is in the White House... As candidate and President alike, Trump has been a bad salesman for the policies he espouses. More>>

Scoop HiveMind: Making Housing Affordable – Let’s Crack It

Welcome to our second interactive HiveMind exploration on the topic of housing affordability. This is an opportunity for you to think about and share your perspectives on this issue and what, if anything, needs to be done... More>>

ALSO: