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

 

PARLIAMENT TODAY:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Labour: New Figures Show Speculators Rampant

New figures released by the Reserve Bank show there’s been an explosion in mortgage lending with most of the growth going to property investors, Labour’s Housing spokesperson Phil Twyford says. More>>

ALSO:

False Official Information Response: English's Apology Accepted

Finance Minister Bill English is being thanked for his apology to New Zealand First Leader and Member of Parliament for Northland Rt Hon Winston Peters... Mr English says his staff and the Treasury have searched again, and they found the document that they denied having. More>>

ALSO:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news