Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


C & R spins privatisation agenda

C & R spins privatisation agenda

*******

SAT, 11 October - GE Free NZ Marches all around the country

Auckland - meet at 12 noon, bottom of Queen Street *

Wellington - meet at 12 noon in Civic Square, then march to Parliament *

Christchurch - meet at 2pm at the Museum

Dunedin - meet at 12 noon in the Octagon, then march to the museum.

  • For more info about the marches check out http://www.thebigmarch.net
  • For local GE free group contact details go
    http://www.gefree.org.nz/about.htm

  • *******

    C & R spins privatisation agenda

    The privatisation of electricity by a share float is about creating opportunities for wealth for the shareholders who buy those shares. It has nothing to do with provision of electricity in the public interest, Powerlynk says.

    The claim by Citizens and Ratepayers Now that their campaign is about keeping Vector "public" is pure spin, says Powerlynk candidate Jill Ovens.

    "They are advocating an initial share float of up to 25% of the lines company Vector because people like John Collinge who own Vector bonds stand to benefit personally if a float happens by 2006," Ms Ovens says.

    According to the Vector Annual Report, Mr Collinge, who is an AECT trustee, a Vector director, deputy chair of both bodies and a candidate for the AECT elections next week, holds 200,000 Vector bonds (125,000 in his own right and 75,000 through a family trust).

    "That's more than any other director, but nearly all of the Vector directors have them. Owning these bonds gives the holders preferential rights in a share float. Thus they have a vested interest in finding growth opportunities, such as expanding into Australia or getting into power generation, that would require large scale investment in order to justify a share float."

    Ms Ovens says the only way for the public to maintain their rightful control of this essential public service is to retain 100% ownership.

    C&R is being mischievous in distinguishing between "ownership" and "control" when it comes to privatisation, she says. The US Department of Energy defines privatisation as "any movement that diminishes public ownership and control and increases private ownership and control".

    Ms Ovens says Powerlynk candidates have been talking to people in shopping centres and markets throughout the region and they are finding almost unanimous support for 100% ownership of our electricity. She says people know there is a direct link between privatisation of electricity and large-scale blackouts in California, the north-eastern US, New York, and Canada, as well as Italy.

    "New Zealanders did not ask for the electricity reforms that were foisted on them by Max Bradford during Warren Kyd's chairmanship of the Energy Select Committee. The people did not demand, nor did they want unaccountable corporate structures that focus on profit-making. Their main concern is customer service and security of supply. People want to know that when they turn on the switch, their lights will come on."

    © Scoop Media

     
     
     
     
     
    Parliament Headlines | Politics Headlines | Regional Headlines

     

    Also, Loan Interest: Productivity Commission On Tertiary Education

    Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

    ALSO:

    Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

    Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

    ALSO:

    Scoop Images:
    Dame Patsy Reddy Sworn In As Governor-General

    This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

    ALSO:

    Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

    The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

    ALSO:

    With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

    Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

    Gordon Campbell: On The Key Style Of Crisis Management

    At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

    ALSO:

    Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

    “The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Politics
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news