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

 


Key Must Front Up With $1 Billion Evidence

Clayton

COSGROVE

SOE Spokesperson
15 March 2013 MEDIA STATEMENT

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.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

School's In: Children Head Back To School

“Across the whole of this year we expect 61,820 five year olds will begin their primary schooling for the first time,” says the Ministry of Education head of sector enablement and support Katrina Casey. More>>

ALSO:

Dog & Lemon: FBI Disagrees With NZ Government Over Police Chases

Multiple studies, quoted by the FBI, show that once suspects realise they're no longer being chased; they tend to slow down to normal driving speeds and therefore become far less of a risk. The FBI report also categorically rejected the argument that abandoning police chases meant ‘giving in’ to offenders. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news