Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Key Must Front Up With $1 Billion Evidence



SOE Spokesperson

Key Must Front Up With $1 Billion Evidence

John Key must front up with the evidence that Solid Energy formally requested a $1 billion dollar capital injection after the former company chair blew that claim out of the water, says Labour’s SOEs Spokesperson Clayton Cosgrove.

“The Prime Minister has just made it up and he’s been found out. He tried to create the impression he was some kind of white knight riding to the rescue of taxpayers by knocking back a Solid Energy bid for $1 billion capital injection. But that’s now been exposed as just a fantasy in his own mind. Although there is another word for that!

“This is what John Key told Kiwis at a press conference on February 25th: ‘They (Solid Energy) wanted a very large capital injection in the order of $1 billion’.

“But former chairman John Palmer has blown that claim out of the water saying: ‘I cannot recall that we have ever asked him explicitly for $1 billion dollars’.

“So who’s telling the truth? With the Prime Minister’s track record, it’s not likely to be him.

“His SOEs Minister Tony Ryall is now scrabbling around trying to cover his back by claiming there’s some sort of ‘advice’ that exists. Well he should stop weaselling around and just front up with it.

“Conversations or advice from officials about spending a billion dollars of taxpayers’ money don’t just happen over a cup of tea. Where is the formal request for the billion dollars and where is the formal rejection from the Government?

“This is a case of John Key trying to rewrite history and look like some kind of hero when in fact he and his ministers were asleep at wheel.

“They are responsible for overseeing the downfall of a previously top performing asset into an absolute dog that’s costing taxpayers hundreds of millions and workers their jobs,” said Clayton Cosgrove.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news