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


Industrial Scale Rip off of Kiwis by Energy Companies

Industrial Scale Rip off of Kiwis by Energy Companies

Prime Minister John Key has unashamedly allowed energy companies to rip off Kiwi families through the emissions trading scheme (ETS) to the tune of $1.4 billion, says New Zealand First.

“Mr Key must explain why he has allowed this rort to go on,” says Leader Rt Hon Winston Peters.

An Infometrics economic analysis revealed in Parliament today by New Zealand First shows that:

• Customers and households are being charged substantially more that the ETS costs paid by energy companies

• Energy companies are charging $11 a credit factored in to customers when they are purchasing foreign carbon credits for $3

• $1.4 billion has been taken from Kiwis through overcharging customers an average 75% more than the energy companies paid in ETS compliance costs.

“As an example, Genesis Energy took an extra $36.7 million between 2010-2012, thus misleading mum and dad investors by inflating the share value when the company was sold off by the government.

“Clearly this was a strategy by the National Government to push up the ‘value’ of Genesis to squeeze as much out of the sale as possible.

“While this rort has gone on the government has rejected a proposal by iwi to use the ETS to create jobs and investment in the regions with little cost to the taxpayer.

“This is sadly typical of the current National Government – pushing private profits while caring little for New Zealanders who need jobs and a decent standard of living, and continuing to ignore the plight of the regions,” says Mr Peters.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On John Key’s Trip To Iraq

In the embedded press coverage on this trip, the absence so far of any evaluation of the wider context of what New Zealand thinks it is doing at Camp Taji has been striking. More>>


Labour: Parata Puts Brakes On Charter School Appraisal

“When the Ministry of Education recommended they compare the achievements of children at charter schools to those of their counterparts at state schools, the documents show Hekia Parata specifically prohibited them from doing so." More>>


Bad Day For Universities: Gun, Bomb Threats On Three Campuses

Dunedin Police are continuing their investigation into the threat made against the University of Otago. Staff are following a number of lines of inquiry, and police are working to verify the authenticity and source of the post. More>>


Gordon Campbell: On The TPP Deal Reached In Atlanta

Yes, the TPP has helped to knock a few points off the tariffs facing our exporters. Yet some of those alleged dollar gains may well have been made regardless over time – and without the negative baggage of the concessions in the non-trade areas (intellectual property, copyright extensions, investor-state dispute mechanisms etc) that the TPP deal also brings in its wake. More>> (Cartoon by Dave Wolland)

Public Summaries:


Wellington.Scoop: Serco – First The Prisons, And Now It Wants To Run The Trains

As the government continues its inquiry into Serco’s discredited administration of Mt Eden prison in Auckland, here in Wellington there’s further scrutiny of the British outsourcing company – because it’s competing to take over the running of our commuter trains. More>>


Pre-Signing: Gordon Campbell On The TPP Countdown

To date, the Key government has been unwilling to share any information about this TPP deal until it is too late for outraged public opinion to affect the outcome... the disclosure process is likely to consist of a similarly skewed and careful exercise in spin. More>>


Australia Deportations: English Relaxed On Immigration Centre Conditions

Labour's Annette King: “There have been numerous reports from inside these detention centres on just how bad conditions are... If they were being held in any other foreign jail, I imagine Mr English would be somewhat concerned. More>>


Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news