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

 

Toll Holdings 3rd place well-deserved

Media Release
Wednesday, 8 March 2006

Toll Holdings 3rd place well-deserved

“Toll Holdings well-deserves the third placing it received in the annual Roger Awards announced yesterday” said Stephnie de Ruyter, Leader of Democrats for social credit.

“Toll is a fine example of the potential for corporate exploitation and manipulation resulting from off-shore ownership of New Zealand’s essential infrastructure.

“Its operation of our rail network has been an expensive exercise for taxpayers with our government agreeing to fund the Toll-neglected upgrade of rail tracks to the tune of $200 million plus agreeing to provide additional funds for special projects.

“Fortunately Toll is not broke: it still managed to find the spare change to buy Singapore Rail and last year made a modest $41.41 million profit.

“Surely the time has come to admit that private sector ownership of essential infrastructure does not deliver for the people of New Zealand. Companies like Toll Holdings are profiting at the taxpayers expense” Ms de Ruyter said.

Organised by CAFCA and GATT Watchdog, the Roger Award is presented each year to the multi-national corporation operating in New Zealand deemed by the judges to be the worst. Ms de Ruyter noted that it was a sad indictment on the calibre of the finalists that Toll Holdings only managed a third place.

“That there are corporations operating here in a way which is deserving of a higher place in the Awards is a sobering indeed.

“The Award’s organisers are to be congratulated on their determination to bring poor corporate behaviour to our attention. And Toll is to be recognised for its third placing in such an ignominious contest” Ms de Ruyter concluded.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Ellen Rykers on The Dig: Community Conservation – The Solution To The Biodiversity Crisis?

There are backyard trapping networks doing their bit for Predator Free 2050, farmers planting native trees along their waterways, and iwi protecting whenua rāhui. There are 62 biodiversity sanctuaries across 56,000 hectares, with around two-thirds of them community-led. There are citizen scientists counting birds in their backyards and landowners conserving habitat in 3,500 Queen Elizabeth II National Trust covenants.

It’s increasingly clear that a government agency alone cannot combat the biodiversity crisis successfully. These grass-roots initiatives are a growing resource in the conservation toolbox. More>>

Closing This Weekend! Have Your Say On The Issues For NZ's New Biodiversity Strategy

Scoop and PEP invite you to help decide how we should protect and restore our biodiversity over the next 50 years using Scoop’s online engagement platform, HiveMind. HAVE YOUR SAY HERE>>

Biodiversity HiveMind Preliminary Progress Report
Open data report summarising preliminary findings of the Biodiversity HiveMind. Read Progress Report Here>>

 

PM In Japan: Jacinda Ardern’s Remarks Following Abe Summit

Today we discussed a wide range of topics. Broadly the themes were: a deeper, high-value trade and investment relationship, greater cooperation in the Pacific; and strengthening our security partnership. More>>

ALSO:

Replacing All But Chair: Twyford Appoints Five NZTA Board Members

Transport Minister Phil Twyford today announced the appointment of five new members to the NZ Transport Agency Board... There remain two vacancies on the NZTA Board which will be filled in due course. More>>

ALSO:

Climate Change: Adaptation And Risk Assessment Framework Released

“We are already experiencing the effects of a changing climate such as coastal inundation and increasingly frequent and severe droughts, floods, fires and storms. This framework is an acknowledgement that we must start adapting”, James Shaw said today. More>>

ALSO:

Ihumātao: Mana Whenua Reach Decision On Land

Māori King Tūheitia says mana whenua have finally reached consensus over what to do with Ihumātao - they want it back. More>>

ALSO:

PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>

PM's Post-Cab: "A Way Forward"

At Monday's post-cabinet press conference, Prime Minister Jacinda Ardern announced a number of actions in response to the Labour Party's mishandling of sexual assault complaints. More>>

ALSO:

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s... The charge of left wing bias was ridiculous then, and is ridiculous now. More>>

Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels