Parliament

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

 

Stupid Mighty River Selloff A Charade Says Peters

Rt. Hon Winston Peters Leader NZ First
December 15 2011

Stupid Mighty River Selloff A Charade Says Peters

New Zealand First describes the Mighty River share sale announcement as the start of the total privatisation of the country’s hydro-electric power generation system.

Rt Hon Winston Peters says the Finance Minister has already been around Asian markets promising shares to investors and his soothing noises about Mum and Dad investors are a charade.

“The minister does not say how Mum and Dad investors are going to get what the government is promising.

“He does not say what is going to happen to ownership and control of the waterways and lakes that provide water for Mighty River power stations.

“He does not say what is going to happen to power prices when the system is partially, and then fully privatised.”

Mr Peters says the vast majority of New Zealanders oppose the asset sales because the numbers simply do not stack up and there is a big danger control of the country’s energy systems will fall into foreign hands.

“All the share speculators and gamblers – National’s friends will be at the front of the queue. The shares will be sold into overseas hands in a matter of months.

“It is far more beneficial for New Zealand to retain ownership of its energy systems. The return is three times higher than servicing debt.

“The ‘New Zealand For Sale’ sign is hanging up for everyone to see,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Where The Politically-donated Bucks Should Be Stopping

By now, it seems crystal clear that something is deeply amiss with the way that New Zealand political parties solicit, receive and report their funding. Evidently, the nominal threshold of $15,000 that requires public disclosure of the donation and its source is…shall we say…vulnerable to manipulation by all and sundry. Moreover, as Otago law professor Andrew Geddis has pointed out, unless political leaders have been stupid enough as to explicitly tell their own staff and/or donors that they’re aware that certain practices break the law but intend to pursue them anyway, then the law has not been broken – not by the political leaders at least... More>>


 

New Zealand Government: Action On Fuel Market Competition

The Government has released a comprehensive response to ensuring New Zealanders get a fairer deal at the petrol pump. This follows the Commerce Commission fuel market ... More>>

ALSO:

Child Poverty: 18,400 Children Lifted Out Of Poverty

Prime Minister Jacinda Ardern has welcomed new reporting showing the Coalition Government is on track to meet its child poverty targets, with 18,400 children lifted out of poverty as a result of the Families Package... More>>

ALSO:

Gordon Campbell: On Our Unreal Optimism About Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, ... More>>

ALSO:



Vaping: Government To Regulate Products

No sales to under-18-year-olds No advertising and sponsorship of vaping products and e-cigarettes No vaping or smokeless tobacco in smokefree areas Regulates vaping product safety comprehensively, - including devices, flavours and ingredients Ensure ... More>>

ALSO:


Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels