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

 

Timberlands Surprisingly Pays No Dividend - Again

Controversial SOE Timberlands West Coast Ltd have again announced they will not be paying a dividend to the government for logging publicly-owned native rainforests and pine plantations. The decision is published in Timberlands annual report tabled in parliament this week.

"For 10 years the state have been heavily subsidising Timberlands to clearfell and 'overcut' our rainforests. This period has seen Timberlands paying between $3 and $15 for centuries old native trees. If they couldn't make a financial return to the state in the past ten years by logging in the cheapest and most environmentally destructive way, then the state will never see a dividend," said Native Forest Action spokesperson Dean Baigent-Mercer.

"Any possible returns have been unscrupulously and immediately pumped into Timberlands' public relations budget aimed at lobbying politicians and buying local West Coast support through sponsorship to support the continuation and expansion of their native forest logging".

"Timberlands appears to be the Prime Minister, Minister of SOE and Minister of Conservation's favourite charity - all of them have have bent over backwards to condone or deny Timberlands unethical anti-environmental public relations campaign in current weeks. It seems Timberlands is the government's spoilt bratty child and no amount of misbehaving and embarressment will result in appropriate disipline", said Mr Baigent-Mercer.

"Since 1990 Timberlands have only ever paid one 'special divided' - $600,000 last year - and only because the Treasurer leant heavily on them. The dividend was financed by selling a subsiduary spagnum moss company. Offically they have never paid a cent in dividend to the government for their destructive native forest logging."


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote. We also acknowledge the men who supported the cause and voted for the Bill to pass.

“Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.

“Aotearoa New Zealand has a female Prime Minister, we have women in cabinet. And I’m here as Acting Minister because the Minister for Women Julie Anne Genter is on maternity leave. New Zealand is a good place to be a woman!” More>>

 
 

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

'Post-Settlement Era': Māori Crown Agency To Be Established

Cabinet has approved the final scope of the Māori Crown portfolio and agreed to establish an agency to oversee Government’s work with Māori in a post-settlement era, announced Crown/ Māori Relations Minister Kelvin Davis. More>>

Gordon Campbell: On Our Military Roles In Iraq & Afghanistan

The politics of the deployment extension have degenerated into a slanging match about whether the previous National government was right or wrong to make the initial commitment to Iraq – and whether the extension is a responsible thing given our joint training role in Iraq with Australia, or is hypocritical in the light of prior statements made by a previous Labour leader... More>>

ALSO:

Commissioner To Be Appointed: Govt To Dismiss Board Of Whitireia And WelTec

Education Minister Chris Hipkins has made a preliminary decision to appoint a Commissioner to Whitireia and WelTec to address the two polytechnics’ financial woes. More>>

ALSO:

Open Government Action Plan: Government To Proactively Release Cabinet Papers

The Cabinet papers will be released no later than 30 business days after a Cabinet decision. This process will be in place for Cabinet papers lodged from 1 January 2019... More>>

ALSO:

NZ Initiative: Evidence Of "Huge" Government Waste

It is not so much that spending is being literally wasted. Rather the best performing countries are achieving much better outcomes relative to their spending. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels