Parliament

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

 

Govt should not play Rio Tinto’s bidding game

Govt should not play Rio Tinto’s bidding game

Press Release by ACT Leader John Banks

Thursday, April 4 2013

The ACT Party is fundamentally opposed to corporate welfare and does not want any subsidies given to Rio Tinto to keep the Bluff smelter operating, ACT Leader John Banks said today.

"Rio Tinto is essentially running an international auction to see which Governments around the world will bid the most to obtain or retain a smelter in their region.

“No New Zealand government should get sucked into this game,” Mr Banks said.

"If the smelter cannot afford to pay Meridian a commercial price for its electricity, it is better that the electricity is sold to those who can. That is how free enterprise is meant to reallocate resources.

"We all sympathise with the workers and related businesses that face disruption costs when businesses fail, but free enterprise is about success and failure. No business can expect to operate in an unchanging environment. |


"Governments should not disrupt this competitive process by propping up struggling firms,” Mr Banks said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The
America’s Cup

The fact New Zealand now reigns supreme once again in the most sophisticated contest in the world’s most elite sport – yacht racing – can’t help but reflect the trajectory the country has been on since the 1980s...

Elite sport used to feel more like a collective, shared experience. It was our team, composed of people who lived and worked like us. Now, not so much. More>>

 

PM's Press Conference: Red Socks And Secret Tapes

Prime Minister Bill English began his post-cabinet press conference by explaining how well the National Party's annual conference went. He also mentioned today's announcement of changes to the EQC disaster insurance legislation and wished Emirates Team New Zealand well in the America's Cup. More>>

Max Rashbrooke: On How To Make Government More Open

International surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

In Court: Hamilton Student's Lawsuit Over Climate Change Policy

A law student from Hamilton is preparing to challenge the Government in the High Court on Monday over what she says is a “failure” to properly address climate change. More>>

ALSO:

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement. As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog