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


Refinery Rethink Welcomed But Still Shortsighted

Social Credit welcomes the release of the government’s rethink on the potential closure of the Marsden Point oil refinery, but calls the cabinet paper “lacking in depth and missing significant wider issues that it should have considered”.

Widespread pressure to keep the refinery open from unions, groups like the Sustainability Council, and our petition has clearly driven a major re-think on the government’s position on the closure.

The assessment of the likelihood of supply chain problems with refined fuel is based on the past, not the current situation, nor future geo political scenarios with increased tension between the US, Australia and China.

The report acknowledges reliance on Australia for refined fuel is unlikely and suggests that other countries would likely come to our rescue, but without exploring how that might play out.

The potential for a green energy hub at Marsden Point, which might include carbon capture, plastic to fuel, or a waste to energy plant is also sadly lacking from the considerations.

There has been no account taken of the potential to reduce costs at the pump or provide ease of access to the fuel retail market for other potential players if the refinery was to become government owned.

Instead it proposes consideration of a subsidy from taxpayers to a commercial entity with private shareholders, and acknowledges that there is a strong likelihood there will be a need for significant taxpayer funding to develop biofuel production and sustainable aviation fuels.

The report from Air New Zealand to the government in May specifically notes that taxpayer support for that will be required.

Instead of dipping yet again into taxpayer’s pockets and transferring wealth into the pockets of wealthy shareholders, the government should compulsorily purchase the shares from the existing shareholders and turn the refining company into a state owned enterprise.

That could be achieved at no cost to taxpayers, using to capacity of the Reserve Bank which has already created around $60 billion in the last 18 months to buy government bonds off rich investors, banks and speculators.

The report also does not sufficiently consider the effect of the potential closure on the large number of contractors that service the refinery site, many of whom will have to lay off staff, leading to a significant downturn for the retail sector and more job losses.

The move to alternative fuels like hydrogen, biofuels, and ethanol is important, and with the government as shareholder the refinery could continue to develop those options in an effort to move New Zealand towards a more self-sufficient energy position.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Elusive Charms Of Christopher Luxon

Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>


Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>

Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>

Government: Delivers Reactivation Package As Aucklanders Reconnect For Summer
A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash... More>>

National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>

Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>




InfoPages News Channels