Stupid Mighty River Selloff A Charade Says Peters

Published: Thu 15 Dec 2011 05:04 PM
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.

Next in New Zealand politics

Todd Muller announces shape of next Government
By: New Zealand National Party
Timeline For Moving To Level 1 Needed
By: Business New Zealand
On National’s Day Of Reckoning
By: Gordon Campbell
Jobs budget to get economy moving again
By: New Zealand Government
Law Setting Up Legal Framework For Covid-19 Alert Level 2 Passes
By: New Zealand Government
Parliament Quits MP Cut Pay Debate To Go Home Early
By: ACT New Zealand
PMs Jacinda Ardern & Scott Morrison Announce Plans For Trans-Tasman COVID-safe Travel Zone
By: New Zealand Government
Green Party Unveils Its Candidate List For The 2020 Election
By: Green Party
NZ COVID Tracer App Released To Support Contact Tracing
By: Ministry of Health
On The Dodgy Politics Of Easing Level Three
By: Gordon Campbell
No Show By Treasury Shows Govt In Full Dismissal Mode
By: New Zealand National Party
Concern At Introduction Of National Security Legislation For Hong Kong
By: New Zealand Government
Todd Muller Elected Leader Of The New Zealand National Party
By: New Zealand National Party
SPEECH: Todd Muller’s Maiden Speech As National Party Leader
By: New Zealand National Party
National’s Tack To The Centre Complementary To ACT
By: ACT New Zealand
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media