web analytics
The Standard

Would you buy shares in…

Written By: - Date published: 9:28 am, August 18th, 2012 - 42 comments
Categories: business, capitalism, privatisation - Tags:

Mighty River, when its water use rights are in doubt?

Meridian, when its deal with its largest customer is in question?

Solid Energy, when it is reviewing all its operations due to the high dollar?

Genesis, when Meridian could flood the market with cheap power if its deal with Rio Tinto falls through, and a future government is likely to sharply increase the cost of its emissions from Huntly?

Air New Zealand, an industry in long-term decline?

It’s not just the Government’s asset sales programme that is a dud, so is its dirty deal with pokie merchants.

Would you buy shares in SkyCity with the Government unable to stop strong new anti-gambling laws and with its dirty pokies for convention centre deal stalled?

42 comments on “Would you buy shares in…”

  1. Chris 1

    So the government is right to sell them off while they can still get a decent price? All of a sudden I’m sold on assett sales.

    • Draco T Bastard 1.1

      Nope. It’s the worst time to sell them as it will decrease the money we get for them and we will be worse off after especially as the private shareholders push for higher profits which will cut into maintenance. End result is tat we’ll get higher prices and then the bill to rebuild the whole lot – just like we did with Telecom.

      • Not that it’s even smart to sell them at usual prices either- they’d need to be valued much higher before it made economic sense for the government, and by that time privateers- oh, excuse me, private investors, would no longer be interested.

    • Zaphod Beeblebrox 1.2

      Don’t know about NZ, but here in Victoria power demand from the grid is going down not up.

      New solar inverters are getting cheaper and cheaper to purchase and energy efficiency has become mandatory due to increasing prices.

      The privatised power companies are responding to decreasing demand by increasing network charges since they realise increasing tariffs only force people to become more energy self sufficient- which they definitely don’t want.

      Only an idiot would buy shares in a private power company under those circumstances.

    • Fisiani 1.3

      Yes yes and yes again. So too will many of the anonymous posters here,

  2. WANT TO HELP STOP THE PRIVATISATION OF MIGHTY RIVER POWER?

    SHARE THIS! :)

    YOU want to help stop the privatisation of Mighty River Power, and throw a HUGE spanner into this National/ACT Government’s State asset selloff plan? Be one of 100,000 customers to SWITCH OFF (SWITCH FROM) Mercury Energy! (100$ owned by Mighty River Power).

    IT’S PEOPLE POWER TIME! PLEASE SHARE THIS INFO AND HELP IT GO VIRAL!!!

    http://www.facebook.com/SwitchOffMercuryEnergy

    Two simple ways you can help stop asset sales!

    ‘Keep Our Assets’ is a campaign to get support for a petition that calls for a citizens initiated referendum into asset sales. Already more than 200,000 kiwis have signed!

    The ‘Switch off Mercury Energy’ campaign aims to help stop asset sales by making Mighty River Power, the first publicly owned asset up for sale by the Government, an unattractive investment.

    A 3rd way you can help is to SHARE THIS!

    How will switching off from Mercury Energy help fight against the Asset Sales?
    Mercury Energy is 100% owned by Mighty River Power. Their value and share price is based on the prospect of future profits. A decrease in customers will seriously impact upon potential profits. Any threat to profits makes it a risky investment. Investors won’t want to buy if there is a chance their shares will fall, as happened with Facebook shares recently.
    Ask yourself, would you invest in a company that is losing customers?
    Most importantly, if there is not enough interest in the share offer the Government probably won’t sell Mighty River Power. It will also raise questions about its ability to sell-off other assets.

    What’s involved in switching power companies?

    Switching power companies is very easy. It is free to switch and can be done over the phone or online in less than 5 minutes. All you need to do is contact your chosen company, give them your details and they will do the rest.

    Most companies will offer cheaper prices than Mercury Energy, so you’re likely to save money just by switching! The electricity will still be the same; the only difference will be that your Power Bill will come from a different company. Switching to a different power company will not affect your AECT dividend.

    When Mercury Energy is privatised it will be legally obliged to meet the interests of its shareholders and most likely will raise electricity prices. Mercury Energy is already one of the more expensive electricity companies. Can you afford higher power bills?
    You can save your household money by switching to one of the publicly owned retailers listed below. You should avoid Contact Energy or TrustPower as they are already privatised.

    Genesis Energy: http://www.genesisenergy.co.nz ph 0800 300400
    Meridian Energy: http://www.meridianenergy.co.nz ph 0800 496496
    Powershop: http://www.powershop.co.nz ph 0800 100060
    Energy Online: http://www.energyonline.co.nz ph 0800 086400

    Can a ‘PEOPLE POWER ’ campaign like this work?

    Yes! For example, in 2008 Contact Energy increased power prices 12% and doubled Directors fees. After public outrage they lost over 40,000 customers within six months and their profit was cut in half!
    ___________________________________________________________________________

    Penny Bright
    ‘Anti-corruption /anti-privatisation campaigner’

    http://www.dodgyjohnhasgone.com

    • Indiana 2.1

      Glad to see you are fully supporting capitalism and encouraging competition and customers to seek out cheaper suppliers, who have lower labour costs than those that charge higher prices.

      • Who says power company prices have any significant relationship to labour costs? It’s more about how high they think they can get away with setting their prices in relation to the actual cost of electricity.

  3. bill lowe 3

    Why would anyone in their right minds want Government running businesses for. At least with 49% public ownership we will get some decent public scrutiny over business decisions. Look at how well, comparitively to other large airlines, Air NZ is doing. Get the Govt way the hell out of business.

    • IrishBill 3.1

      I don’t understand your point. The government owns nearly 80% of Air New Zealand.

    • Pascal's bookie 3.2

      take a look at wall st, or facebook’s share price.

      Yyayz for teh free merkitz

    • Draco T Bastard 3.3

      At least with 49% public ownership we will get some decent public scrutiny over business decisions.

      Actually, we’ll get less as it’s unlikely that the privatised company will be open to OIA requests.

      Look at how well, comparitively to other large airlines, Air NZ is doing.

      Yep, doing so much better since the government bought it back.

      Get the Govt way the hell out of business.

      Best option is to get the greedy profiteers (You know, the ones that just crashed the global financial system through fraud and other underhanded means) away from critical business and the best way to do that is government ownership of natural monopolies (power, telecommunications, ports, etc) and ubiquitous services (numerous banking services).

    • Zaphod Beeblebrox 3.4

      That is, until the taxpayer has the bail them out of bankruptcy- then its ok.

    • Dylan 3.5

      This article might change your mind.

      The evidence is that getting business in to do Govt work wastes a lot of money.

      http://www.guardian.co.uk/commentisfree/2012/aug/17/philip-hammond-light-privatisation-government

    • millsy 3.6

      William, you have no idea about modern day western mixed economies.

    • The government doesn’t run any businesses, they run themselves. The government does, however, own several state owned enterprises- for now. >:(

  4. chris73 4

    Power company shares absolutely, in fact am counting the days until I can. Airlines absolutely not. I tend to follow Warren Buffets advice on shares.

  5. Monty 5

    Power company shares are a solid and logical investment. I will be buying five x $2000 lots for myself, wife and three children. And I will be buying in the other floats as they come along. A solid long term investment in quality NZ assets. I still hold my contact energy shares purchased some years ago. These shares together with Kiwisaver, and other investments will help provide the diversification that is sensible, strategic and long term.

    I love the scare tactics the left indulge in. Hopefully it means those of us who do invest will make even more money and the share issue will not be quite so competitive allowing me to buy even more. And make even more money.

    How many leftists will be investing the these share issues through KiwiSaver. oh I love the irony !

    • millsy 5.1

      Do you own rental properties in Christchurch then?

      How would it feel having all those people freeze and black out after black out so you can get higher and higher dividends?

    • Dv 5.2

      Hey Monty.
      I have contact too. They have returned about 4% per year. Less than bank rates.

      That was before tax.
      Dont you think you should wait on wait on the prospectus?

  6. Should the next Labour nationalize the power companies ?/ I believe we should but I would enjoy the debate.

    • millsy 6.1

      They should. But they wont. Hopefully they will try and keep the remaining assets we have and build them up again.

  7. Hamnida 7

    Anyone who buys the shares should be charged with treason.

    • chris73 7.1

      Congratulations, that would have to be one the most dumb-ass comments I’ve ever read on this blog (and thats saying something)

      • lprent 7.1.1

        I thought that as well whilst scanning. However it was expressed as opinion, made a point, conforms to our legal code, he has no history of inflammatory trolling, and passed through moderation. I did however downgrade my respect of the opinions of commentator a notch – which is largely what political blogs run on…

        • Hamnida 7.1.1.1

          Correction from me – Anyone who steals the shares I already own should be charged with theft.

          Time for binding referendums I think.

          I’ll save the treason for the neolibs who allow the asset sales.

          • Herodotus 7.1.1.1.1

            I hope that you have sufficient gaols to house all those kiwi saver contributors perhaps even the MP’s pension fund may also purchase a few. Remember receiving “stolen property” or profiting from a criminal action are also crimes. :-)

  8. xtasy 8

    Honestly, this is an “obsolete” post. I already own the shares, so do many others, what are you on about? Do never even think along the lines of the cheaters and robbers trying to tell you that you do not own the property that is yours! How perverted to ask people to buy back that will be stolen off them.

    • chris73 8.1

      You already own some shares? How much did you pay for them? Can you use them as collateral? How many dividends do you get off them? Whats the price you could sell them for?

      You’re a brainwashed muppet.

      • millsy 8.1.1

        It seems you despise the concept of collective, community and public ownership.

        Which is a pity, as this nation was built on it.

        • chris73 8.1.1.1

          Ok so “we” own it, well how does that work then?

          Do the people who paid taxes while it was being built own it? What about immigrants to this country who came along after it was built, do they have any rights to ownership?

          Do the people born after it was built have any ownership of the assets? After all they didn’t/haven’t contributed any money to the building but now expect to have “ownership”

          How about, just as an idea, the govt keep a majority share of the asset and allow kiwis to buy shares in the asset so they can truly own the asset…think that would work?

          • Draco T Bastard 8.1.1.1.1

            Ok so “we” own it, well how does that work then?

            It was built by the community for the benefit of the community using community resources thus the community ‘owns’ it.

            How about, just as an idea, the govt keep a majority share of the asset and allow kiwis to buy shares in the asset so they can truly own the asset…think that would work?

            Nope, that won’t work. It will, as the figures show, make most of us worse off while enriching a few.

      • DJL 8.1.2

        The dividend is the differance we pay for power now and after the power co’s are sold.

    • Steve Wrathall 8.2

      “How perverted to ask people to buy back that will be stolen off (sic) them”
      But it won’t cost you anything. Using the logic of the anti-asset salers, if you pay your money to the government, then you still “own” that money. See? You haven’t lost anything, and can skip off down the street gaily whistling the red flag.

  9. stever 9

    Here’s a challenge that appeared in one of the comments in The Guardian article

    http://www.guardian.co.uk/politics/2012/aug/18/rail-fare-hike-george-osborne-mps-revolt1

    “And, out of interest, does anyone know of any research into privatization that shows it to be generally effective at improving a service, increasing efficiency and leaving its lowest level workers with a living wage? All I read currently is that the investors get richer, the management can pay itself what it likes, the customers pay more and more for worse service and the lowest level workers are told they need to find a second job just to survive because they are a valueless kind of replaceable resource.”

    No one there seems to have been able to produce such evidence—can we do better? Can anyone find evidence that privitization works in the terms above?

    • Draco T Bastard 9.1

      Nope, all I’ve seen is that the privatised company makes bigger profits. As profit is a dead weight loss that means that the community is worse off after privatisation.

  10. tc 10

    Shonkey and the hollowmen are loving this, more for them to gobble up.

    The system was more efficient, and in real terms, cost consumers less in the old NZED days, we need to go back to that and eliminate the gravy train of regulation, legal and audit costs and put profits either into the network or government not private investors hands.

    The free market is a red herring argument in a country of 4+ million people when it comes to essential utilities which includes telco. You just can’t get the scale and we generate enough power now it just needs better distribution by closing Tiwai point which we subsidise anyway a some more wind power to support baseload in the north island.

  11. Are YOU a Mercury Energy customer?

    Are YOU opposed to the proposed privatisation of Mighty River Power – the first of the State Owned electricity assets up for sale under the Mixed Ownership Model Act 2012?

    You’ve marched down Queen Street and signed the referendum against asset sales?

    Want to now take the action which CAN’T be ignored?

    SWITCH OFF MERCURY ENERGY! (100% owned by Mighty River Power)

    SWITCH TO GENESIS / MEREDIAN/ POWERSHOP or ENERGY ONLINE!

    (Work out which of these suppliers works best for you – http://www.powerswitch)

    If Mercury Energy offer you a ‘sweetener’ / ‘incentive’ / (BRIBE) to stay with them – give those details to the supplier to whom you are considering switching, and ask what THEY can do for you if you switch to them.

    USE THE MARKET AGAINST THE MARKET MODEL! :)

    IT’S PEOPLE POWER TIME!!

    (If you have already switched from Mercury Energy – you can still help – because you are bound to know friends, family, workmates who ARE still Mercury Energy customers?

    YOU are the centre of a little Universe and YOU can do a HUGE amount to help us reach our 100,000 Mercury Energy customer target!

    Want to find out more?
    Check out SWITCH OFF MERCURY ENERGY on facebook.

    We are finalising draft SWITCH OFF MERCURY ENERGY leaflets (intend to get 50,000 printed)
    and posters.

    We will be seeking financial assistance for printing costs (approx. $3000 – which will be 300 people giving $10 each).

    A dedicated bank account is being set up, and office-holders / ADMIN will be elected at our upcoming meeting to ensure our organisational framework is ‘open, transparent and democratically accountable’.

    SWITCH OFF MERCURY ENERGY meetings are being held each Wednesday night
    7.30 – 9.30pm at the Grey Lynn Community Centre, 510 Richmond Rd, Grey Lynn Auckland.

    If YOU support this campaign and want to get actively involved – you are very welcome!

    _____________________________________________________________________________

    UPDATE! WANTED! 100,000 customers to SWITCH OFF MERCURY ENERGY! Went on Radio Live last night and gave a campaign a HUGE plug. Host agreed it was a good idea.

    This morning – whipped up a quick ‘graffiti’ banner – black on yellow:

    “WANTED! 100,000 folk to
    SWITCH OFF MERCURY ENERGY!
    STOP the SALE of Mighty River Power!
    It’s PEOPLE POWER time!”

    Took banner to Grey Lynn Farmers’ Market this morning (Sunday 19 August 2012) and displayed it nearby.

    VERY positive response to our BOLD campaign call!

    Discussed issue with a number of the public and stall holders, and encouraged folks to SWITCH OFF MERCURY ENERGY, tell their families, friends, workmates to SWITCH OFF MERCURY ENERGY – and to come to meetings.

    Got offers from stall holders to have SWITCH OFF MERCURY ENERGY leaflets at their stalls and to take to other markets.

    (Trust me – this campaign is going to build like an anti-privatisation tsunami – once we get out leaflets and posters out to the public!)

    Caught up with Green MP Denise Roche in passing at at the market – and she confirmed that in Wellington – they’d already heard about our campaign!

    WOOHOO!

    Remember!

    To get 100,000 customers to SWITCH OFF MERCURY ENERGY is ABSOLUTELY DOABLE!

    Mercury Energy has 400,000 customers – 70% being in the Auckland region – so getting 100,000 customers out of 300,000 Auckland customers to SWITCH – is a BOLD but achievable target!

    By the time all those people, groups and organisations who have signed the referendum against asset sales, and marched down the street against asset sales get fully behind this campaign to SWITCH OFF MERCURY ENERGY! we can STOP this National/ACT Government’s asset sale agenda! IN IT’S TRACKS!

    Come on folks!

    Help to SHARE this information!

    Cheers!

    Penny Bright
    ‘Anti-corruption campaigner’

    http://www.dodgyjohnhasgone.com

  12. burt 12

    Air New Zealand, an industry in long-term decline?

    Funny, I was saying that in 2009 – but nobody wanted to listen back then.

    Have you forgotten that it was propped up without a specific mandate as we were all required to buy shares in it.

    Are you suggesting that public ownership is a way to save non viable long term businesses from being …. long tern non viable business by extracting tax payers money to prop them up?

  13. Lanthanide 13

    If aviation is an industry in long-term decline, then you should be buying shares in solid energy due to the same underlying reason.

Recent Comments

Recent Posts

  • Time for inquiry into petrol margins
    It’s time for an inquiry into petrol companies as margins are once again at the high levels that prompted concerns late last year, says Labour's Energy Spokesperson Stuart Nash. "Over the December January holiday period, petrol importer margins jumped to… ...
    9 hours ago
  • More talk as Auckland congestion worsens
    The main impact of the Government’s agreement with Auckland Council today will be simply to delay still further decisions needed to relieve the city’s traffic congestion, says Labour’s Auckland Issues Spokesperson, Phil Goff. “Government has been aware for more than… ...
    1 day ago
  • Serco inquiry extended
    A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. “My office received a tsunami of complaints so I’m not surprised the terms… ...
    1 day ago
  • Truck Shops ignore consumer laws
    A damning Commerce Commission report out today highlights the failure of the Government to protect poor and vulnerable families from unscrupulous truck shops, says Labour’s Consumer Affairs Spokesperson David Shearer. “The report found that 31 out of 32 firms it… ...
    1 day ago
  • Taihoa at Ihumatao says Labour
    Labour’s housing spokesperson Phil Twyford has called on the Government to rethink its controversial Special Housing Area in Māngere. Auckland Council is today meeting to discuss the development which borders the Otuataua Stonefield Historic Reserve. This project is to get… ...
    1 day ago
  • Figures suggest National deliberately excluded farming
    Figures showing the dairy industry would be categorised as high risk if there were a further five severe injuries within a year, strongly suggests National designed its flawed system to deliberately exclude farming, Labour’s spokesperson for Labour Issues Iain Lees-Galloway… ...
    1 day ago
  • Bleak report on the state of our children
    A damning conclusion by the Children’s Commissioner today that ‘we don’t know if children are better off as a result of state intervention, but the indications are not good’ should make fixing CYFs a top priority for this Government, says… ...
    1 day ago
  • Dodgy data used to justify axing KiwiSaver kickstart
    National’s agenda to run down KiwiSaver has become even clearer from a scathing critique of the Government’s justification for axing the $1000 kickstart, says Labour’s Finance spokesperson Grant Robertson. “Since National came to power they have not only continually undermined… ...
    2 days ago
  • Unsecure website risks Ashley MoBIEson hack
    Experts have raised security concerns that vulnerabilities in MoBIE’s half million-dollar website could lead to a possible Ashley Maddison-style hack, says Labour’s Economic Development spokesperson David Clark. “The real issue here is not what data is immediately available, but what… ...
    2 days ago
  • Democracy still the loser in Canterbury
    The Government has demonstrated once again how arrogant and out of touch it is in denying Cantabrians the same democratic rights as the rest of the country, says Labour’s Environment spokesperson Megan Woods.  “The Environment Canterbury Bill which has been… ...
    2 days ago
  • Waiver cost still a mystery
    The Government still has no idea what it’s going to cost community and voluntary groups to get a waiver from the fees police will charge to carry out checks on their staff and volunteers, says Labour’s Community and Voluntary spokesperson… ...
    2 days ago
  • China exports fall 27 per cent in a year
    Exports to China have fallen by 27 per cent over the last 12 months - showing that the looming economic slowdown should have been expected by the Government, says Labour’s Economic Development Spokesperson David Clark. “The Chinese economic slowdown should… ...
    2 days ago
  • National should support all families for 26 weeks
    Families with multiple babies, and those born prematurely or with disabilities, are the winners from moves to extend paid parental leave to 26 weeks but the Government must give all babies the same head start in life, Labour’s spokesperson for… ...
    2 days ago
  • National’s health and safety shambles puts school camps at risk
    Reports that schools are considering scrapping student camps and tearing out playgrounds highlights just how badly National has managed its health and safety reforms, Labour’s Education spokesperson Chris Hipkins says. “Schools have been left completely in the dark about the… ...
    2 days ago
  • National’s asset stripping agenda hits schools
    National’s fire-sale of school houses and land is short-sighted, mean-spirited, and will have huge unintended consequences that we will pay for in years to come, Labour’s Education spokesperson Chris Hipkins says. Documents obtained by Labour show the Ministry of Education… ...
    3 days ago
  • Takahe massacre supposed to get all New Zealanders involved in conservation
    The Minister’s claim that a  botched cull of one of New Zealand’s rarest birds was a way of getting all New Zealanders involved in conservation is offensive and ludicrous, Labour’s conservation spokesperson Ruth Dyson says.  “An email from Minister Maggie… ...
    3 days ago
  • Serco circus rolls on with revelations of fight club practice
    Further revelations that a Serco prison guard was coaching inmates on fight club techniques confirms a fully independent inquiry needs to take place, says Labour’s Corrections spokesperson Kelvin Davis. “The Minister’s statement today that a guard was coaching sparring techniques… ...
    3 days ago
  • Government targets put ahead of students’ education
    The Government must urgently reassess the way it sets NCEA targets after a new report found they are forcing schools to “credit farm” and are undermining the qualification, Labour’s Education spokesperson Chris Hipkins says. “A PPTA report released today says… ...
    3 days ago
  • ER patients in corridors as health cuts bite
    Patients are being forced to wait for hours on beds in corridors as cash strapped hospitals struggle to keep up with budget cuts, says Labour’s Health spokesperson Annette King. “People coming to the emergency room and being forced to wait… ...
    3 days ago
  • Not too late to fix Health and Safety for New Zealand’s workers
    The Government and its minor party supporters are showing an arrogant disregard for workers’ lives by not agreeing to a cross-party solution to the botched Health and Safety bill, Opposition leader Andrew Little says. “Yesterday I wrote to the Prime… ...
    3 days ago
  • Speech to the New Zealand Council of Infrastructure Development
    Tēnā Kotou Katoa. Thank you so much for having me along to speak today. Can I begin by acknowledging John Rae, the President, and Stephen Selwood, the chief executive of the Council for Infrastructure Development. ...
    4 days ago
  • Reserve Bank points finger at Govt inaction
    In scathing criticism of the Government’s inaction, the Reserve Bank says Auckland housing supply is growing nowhere near fast enough to make a dent the housing shortage, Labour’s Housing spokesperson Phil Twyford says. Reserve Bank deputy governor Grant Spencer today… ...
    4 days ago
  • Chickens come home to roost on climate change
    The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. “The release of the Environmental Protection Agency’s Facts and Figures Report for 2014 on the ETS… ...
    4 days ago
  • Website adds to long list of big spends at MBIE
    The Ministry of Business, Innovation and Employment’s $560,000 outlay on its new website is further evidence of excessive spending by Steven Joyce on his pet project super ministry, Labour’s Economic Development spokesperson David Clark says.  “Hot on the heels of… ...
    4 days ago
  • Brownlee warned over EQC repairs but ignored them
    Gerry Brownlee was warned that EQC’s underfloor repairs weren’t being done properly by industry experts, the cross party working group and in public but he arrogantly ignored them all, says Labour’s Earthquake Commission spokesperson Clayton Cosgrove.  “Today’s apology and commitment… ...
    4 days ago
  • Serco wants in on state house sell off
    The Government must keep scandal plagued outsourcing company Serco away from our state housing after their disastrous record running Mt Eden prison, Labour’s Housing spokesperson Phil Twyford says. "Today it has emerged that at the same time Serco was under… ...
    6 days ago
  • Come clean on Pasifika education centre
    Minister Peseta Sam Lotu-Iinga needs to come clean and tell the Pasifika communities if he’s working to save the Pasifika Education Centre or shut it down, Labour’s Pasifika spokesperson Su’a William Sio says.  “I’m gutted the Pasifika Education Centre funding… ...
    1 week ago
  • Time for NZTA to work on alternatives to flyover
    The High Court decision rejecting the New Zealand Transport Agency’s attempts to build the Basin Reserve flyover must now mean that NZTA finally works with the community on other options for transport solutions in Wellington, Grant Robertson and Annette King… ...
    1 week ago
  • Shiny new system leads to record truancy
    Record high truancy rates shows the Government’s much-vaunted new attendance system is an abysmal failure, Labour’s Education spokesperson Chris Hipkins says. “Data released today shows truancy rates have spiked more than 15 per cent in 2014 and are now at… ...
    1 week ago
  • Woodhouse wrong about quarries
      The Minister for Workplace Relations and Safety Michael Woodhouse was wrong yesterday when he said limestone quarries were covered by the farcical Health and Safety legislation, says Labour’s Associate Labour spokesperson Sue Moroney.  “He said he ‘understood’ limestone quarries… ...
    1 week ago
  • Taxpayers money spent on culling one of our rarest birds
    It beggars belief that four endangered takahe were killed by incompetent cullers contracted to the Department of Conservation and the Minister must explain this wanton destruction, says Conservation spokesperson Ruth Dyson. “It must not be forgotten that there are only… ...
    1 week ago
  • Housing NZ must immediately move family
    Housing New Zealand must immediately move a Glen Innes family whose son contracted serious and potentially fatal health problems from the appalling condition of their state house, Labour’s Housing spokesperson Phil Twyford says. “Te Ao Marama Wensor and community workers… ...
    1 week ago
  • No understanding of the value of overseas investment
     The Government has now admitted it has absolutely no idea of the actual value of foreign investment in New Zealand, says Labour’s Land Information spokesperson Stuart Nash.  “It is crucial that the Government starts to understand just what this overseas… ...
    1 week ago
  • Another bridges bribe from Simon Bridges
    Simon Bridges is embroiled in another bridges-for-votes controversy after admitting funding for a replacement bridge in Queenstown is “very much about… the 2017 election”, Labour’s Transport spokesperson Phil Twyford says. “The Transport Minister is today reported as telling Queenstown locals… ...
    1 week ago
  • Saudi tender process reeks of SkyCity approach
    The tender process for the $6m investment in a Saudi sheep farm reeks like the SkyCity convention centre deal and once again contravenes the government’s own procurement rules, says Labour’s Export Growth and Trade spokesperson David Parker. “The $6m contract… ...
    1 week ago
  • Maori Party should stand up for workers
    The Government’s proposed Health and Safety Reform Bill does not go far enough to protect those in specific industries with the highest rates of workplace deaths, says Maori Development Spokesperson Nanaia Mahuta. “We are told that Maori workers are more… ...
    1 week ago
  • Minister must explain budget blowout
    Māori Development Minister Te Ururoa Flavell must explain a budget blow out at Te Puni Kokiri, after the organisation spent more than 2.5 million dollars over their budget for contractors, says Labour’s Associate Māori Development spokesperson Peeni Henare.  “For the… ...
    1 week ago
  • Successful effort to raise the issue of GE trees in proposed standard
    Many thousands of people submitted on the proposed National Environmental Standard –  Plantation Forestry (NES-PF).  A vast majority of the public submissions were particularly focussed on the NES having included GE trees in its mandate. People want these provisions removed,… ...
    GreensBy Steffan Browning MP
    1 week ago
  • Fair Share Friday – Thoughts and Reflections
    As part of our Fair Share  campaign, Green MPs have been doing a series of visits to community groups across the country to have conversations about inequality in New Zealand and what communities are experiencing on the ground. I visited… ...
    GreensBy Denise Roche MP
    1 week ago
  • Crucial Auditor General investigation welcomed
    The Auditor General’s decision to investigate the Saudi sheep scandal is important, necessary and welcome, Labour’s Trade and Export Growth spokesperson David Parker says. “The independent functions of the Auditor General are a cornerstone of the New Zealand system of… ...
    1 week ago
  • KiwiSaver sign-ups continue to fall
    New KiwiSaver sign-ups in July were 45 per cent below the monthly average, despite John Key saying axing the kickstart “will not make a blind bit of difference to the number of people who join KiwiSaver”, says Labour’s Finance spokesperson… ...
    1 week ago
  • Contact bows to pressure
    Contact Energy’s decision to cut its pre-pay rates to be in line with its customers who pay monthly is good news and the company deserves credit for responding so quickly, says Labour’s Consumer Affairs Spokesperson David Shearer.  “Two months ago… ...
    1 week ago
  • I’m pushing for a ‘fair go’ for solar
    My Fair Go For Solar Bill was pulled from the Members’ Ballot last week and is set for a vote in Parliament. In this blog post I explain some of the background to the bill and how it aims to… ...
    GreensBy Gareth Hughes MP
    1 week ago
  • Key must explain why Health and Safety Bill pulled
    John Key must explain why his Government is delaying the Health and Safety Bill when Pike River families have travelled to Wellington specifically to register their opposition, Opposition Leader Andrew Little says. “Yesterday afternoon John Key suggested the bill may… ...
    2 weeks ago
  • Diving for sustainable scallops
    Last week, there were calls for scallop dredging to be banned in the Marlborough Sounds, following scientific report saying that 70% of the Sounds had been lost from dredging, trawling, and sedimentation from forestry. At the same time we see… ...
    GreensBy Steffan Browning MP
    2 weeks ago
  • Backdown whiff in state house leasing option
    Bill English’s admission that the Government is looking at leasing large numbers of state houses to non-government providers has the whiff of a backdown, Labour’s Housing spokesperson Phil Twyford says. “This is an acknowledgement by Bill English that he has… ...
    2 weeks ago
  • Housing crisis downgrade threatening banking sector
    The out of control Auckland housing market is now threatening the banking sector, with Standard and Poor’s downgrading the credit rating of our banks out of fear of the bubble bursting, Labour’s Finance spokesperson Grant Robertson says. “Today we have… ...
    2 weeks ago
  • Good money after bad for failed experiment
    The National government are throwing good money after bad with their decision to pump even more funding into their failed charter school experiment, Labour’s Education spokesperson Chris Hipkins says.  “There are already major problems with several of the first charter… ...
    2 weeks ago
  • National borrows Labour’s idea on urban development
    Labour's Associate Environment spokesperson Phil Twyford says he welcomes the Government's adoption of Labour's policy for a National Policy Statement on urban development, and has called on the Government to take up Labour's offer to work together on these issues.… ...
    2 weeks ago
  • Toothless OIO never refused a single farmland sale
    The Overseas Investment Office has approved more than 290 consents from foreign investors to buy sensitive land in New Zealand, but has not turned down a single application says Labour’s Land Information spokesperson Stuart Nash  “The Minister of Land information,… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere