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

 


New Zealanders Being Gouged by Electricity and Liquid Fuels

New Zealanders Being Gouged by Electricity and Liquid Fuels Industry


New Zealand consumers of electricity are being price gouged to the tune of about $1.388 million while the companies pocket the profits, a new economic analysis released today by the Iwi Leaders Forum reveals.

The analysis has identified evidence of overcharging by energy and liquid fuels companies for the carbon credits they must purchase to offset their pollution, as part of the New Zealand Emissions Trading Scheme (ETS).

“These companies have been charging consumers at an average rate of $14 per tonne of carbon since the inception of the ETS, when the market price is less than $3,” said spokesperson Dr Apirana Mahuika.

The Chairman of the Iwi Leadership Group for Climate Change says this analysis has lifted the lid on the Government’s strategy to prop up the value of state assets like Genesis Energy prior to selling them off.

The Iwi leader's forum put forward a proposal to the Prime Minister that would create 50,000 new and permanent jobs in the regions, attract $800 million of foreign direct investment to plant 100,000 hectares of new forests per year for 10 years and, would cost taxpayers nothing.

This proposal would become New Zealand’s strategy to meet its international emission reduction obligations where currently New Zealand has no strategy.

The Prime Minister rejected the proposal arguing it would add $500 per household in increased energy costs. Treasury’s own advisor Dr Adolf Stroombergen says the Prime Minister is wrong where his analysis puts the cost to households at only $21 per year.

“The Government has unashamedly feathered the nests of the energy companies at the expense of all New Zealanders.

The Iwi Leaders Forum has argued that the Government has gone against the regulatory settings of its major trading partners by allowing the dumping of dubious, mostly Eastern European carbon credits which have flooded the New Zealand market, eroding the local carbon price to historically low levels.

“This analysis provides the distorted carbon market suits energy companies but not New Zealand consumers who are effectively paying another tax to prop up the Government’s friends in the energy industry,” said Dr Mahuika.

Meanwhile the Iwi Leaders Forum says it is continuing to press Government to come to the table to negotiate a settlement for the $600 million Iwi believe they have lost as a result of the artificially low carbon price.

The Forum says the Crown has gone back on a deal that promised that carbon credits Iwi received as part of Treaty settlements would hold their value.

Mr Mahuika says the issue was raised directly with the Prime Minister as recently as Waitangi Day, but nothing has been done.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Parliament Today: State Opening Of Parliament

The House sits at 10.30am today before MPs are summoned to hear the Speech from the Throne in the Legislative Council Chamber.

The speech delivered by the Governor-General on the Government’s behalf outlines its priorities for this Parliament.

After this MPs will return to the House for the presentation of petitions and papers and the introduction of any bills.

The Government has five notices of motion on the Order Paper which can be debated. These relate to relating to the appointment of the Deputy Speaker, Assistant Speakers, the reinstatement of business in a carryover motion and one on “Entities to be deemed public organisations”. More>>

 

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:


Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

TPP Leak: Intellectual Property Text Confirms Risk - Jane Kelsey

The US is continuing its assault on generic medicines through numerous proposed changes to patent laws. ‘These are bound to impact on Pharmac if they are accepted’, according to Professor Kelsey... Copyright is another area of ongoing sensitivity... More>>

ALSO:

RMA: Smith Plans Reform To Ease Urban Development

Newly appointed Environment Minister Nick Smith has announced Resource Management Act reform to foster urban development, where high land prices and expensive resource consents are blocking efforts to provide affordable housing. More>>>

ALSO:

Gordon Campbell: On New Zealand getting involved (again) in other people's wars

Apparently, the Key government is still pondering how New Zealand will contribute to the fight against Islamic State. Long may it ponder, given the lack of consensus among our allies as to how to fight IS, where to fight it (Syria, Iraq, or both?) and with whose ground troops, pray tell? More>>

ALSO:

Gordon Campbell: On child poverty, and David Shearer’s latest outburst

The politicisation of (a) the public service and (b) the operations of the Official Information Act have been highlighted by the policy advice package on child poverty that RNZ’s resolute political editor Brent Edwards has finally prised out of the Ministry of Social Development. More>>

ALSO:

Gordon Campbell: On the government’s review of security laws

So the Key government is about to launch a four week review of the ability of our existing legislation to deal with “suspected and returning foreign terrorist fighters, and other violent extremists.”

According to its terms of reference, the review will consider whether the SIS, GCSB and Police are sufficiently able right now to (a) investigate and monitor suspected and returning foreign terrorist fighters… More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news