30 more said they didn’t want it.
1400 submissions, almost all against it for many, many good reasons.
“The new mixed ownership company will, over time, change from service, continuity, social responsibility and growth of generation capacity to one of only maximising return”
“[P]rivatisation is primarily for the purpose of this wealth transfer. This purpose has been obscured by the extensive rhetoric, biased analysis, and sheer moneyed interests that have been able to persuade politicians … to promote privatisation.”
“How will the Government ensure that the companies do not make financially disastrous decisions like performing market manipulations and predatory behaviour?”
From experience, this of Wellington’s Line companies:
“The main objective of a succession of private owners has been to maximise profits for their shareholders.
“As a result, electricity line charges have risen steeply, and all the profits made from running the electricity network have flowed out of Wellington, mostly to overseas owners.”
People don’t want the Sales to proceed. If they must then the good employer and social responsibility edict of the SOE Act must stay, the OIA and Ombudsman provisions must stay. There must be limits on foreign ownership. Safety practices must continue:
“Pike River mine performed the minimal safety requirements … Solid Energy goes well above the safety requirements because, as an SOE, it has a focus on the safety aspects of being a good employer and not merely the profit line.”
A One News-Colmar Brunton poll this month found 61 per cent of New Zealanders opposed, 30 per cent in favour and 9 per cent did not know about the bill – that’s about the best poll the Nats have had yet, with more than 2:1 opposed.
But no signs the Nats are listening.
Separately: great Op Ed piece by Cunliffe in the Herald today about the difference in Vision between Labour and National. Innovation & Sustainability vs Extraction & Low Wages; Rule for All, rather than Rule for your Mates…