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

 


Time for Government to pull plug on dirty dam

Time for Government to pull plug on dirty dam

It’s time for the Government to pull out of the Ruataniwha scheme and not subsidise it through the Crown Irrigation Company, the Green Party said today.

The Hawke's Bay Regional Council issued a report last week, which highlights that the proposed irrigation dam and reservoir in the Tukituki catchment is not commercially viable. Yesterday, Ngai Tahu pulled its support as a potential investor for the scheme, following Trustpower Ltd's withdrawal in March. This leaves no known institutional investors and a $90 million hole in financing for the scheme.

“The Government needs to face the reality that the Ruataniwha dam is not commercially viable and could only be constructed with massive public subsidies, said Green Party water spokesperson Eugenie Sage.

“Trustpower pulled out because of the financial risk and likely low returns, Ngai Tahu have dropped it because of a lack of experienced investors, and the Council’s own figures show the dam is no longer viable.

“With commercial investors dropping out, if the scheme continues, taxpayers and Hawke's Bay ratepayers will be left to front most of the $275 million construction cost of the scheme.

“It’s time for the Government to invest in a clean green future, not a dirty dam and more intensive dairying which will pollute our rivers, streams and aquifers.

“The Green Party’s Green Investment Bank proposal is a much more sustainable option both financially and economically than investing in polluting intensive agriculture,” said Ms Sage.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news