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

 


Genesis sale decision is pure political expediency

24 February 2014

Genesis sale decision is pure political expediency

National’s decision to privatise Genesis Energy only a few months after the last asset sale is all about pure political expediency, Green Party Co-leader Dr Russel Norman said today.

Prime Minister John Key has confirmed the Government will go ahead with the partial privatisation of Genesis Energy over the next month. 

“John Key doesn’t want to risk one publicly owned electricity generating company being left standing after this year’s election,” Dr Norman said.

“Pushing ahead with the sale of Genesis after the failed Mighty River and Meridian sales confirms that the Key Government is completely irresponsible when it comes to managing the economy.

“The Government was advised by Treasury not to sell our electricity generating companies in quick succession as there would be insufficient demand and the revenue to the Crown would be reduced.

“The only conclusion that can be drawn from John Key’s latest announcement is that the asset sales were always about redistributing New Zealand’s wealth to the top two percent at the expense of the vast majority of New Zealanders.

“This is a completely ideological campaign of National,” said Dr Norman. 

“It can’t possibly be driven by any concern for maximising the best possible economic return for New Zealand taxpayers.

“Sadly, this is the kind of Government that would rather risk losing the New Zealand taxpayers hundreds of millions of dollars than ever admit they made a mistake.

“The sale of Genesis will result in higher electricity prices.

“The Green Party will make certain however that New Zealanders get the chance for energy independence with our Solar Homes initiative,” Dr Norman said.

“This will give thousands of Kiwi families some respite from National’s privatisation of our electricity market.”

More on solar homes: https://www.greens.org.nz/solarhomes

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.

To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.

The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>

 

Parliament Today:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news