The way that the smelter operates is the exact equivalent of some thuggish barbarians with big swords extracting tribute for not burning, raping and pillaging. In other words Danegeld or any other form of protection racket exactly as No Right Turn points out. I’ll repeat his succinct post here. Meantime how can I encourage the wasteful fools at Meridian (and Contact) to start thinking about their paying customers rather than barbarian freeloaders
As Southland starts post-flood recovery, the question arises of why 10,000 tonnes of waste known to become toxic on exposure to water was allowed to be stored on the banks of a river with known flood risk in a building with known flood risk?
Rio Tinto is practising further brinkmanship and have reportedly sent in a closure team to assess the viability of Tiwai Point and no doubt seek a Government handout. Is it time to say no and provide cheaper cleaner power to the country instead?
It doesn’t suit the Labour Party narrative – and indeed it’s not their espoused philosophy – but every now and then National can’t help but be “hands on”. We’ve had the South Canterbury Finances in the past (won’t somebody think of the shareholders!), but this week was a real doozy for it, between Fonterra, Tiwai Point and Chorus.
It is absolutely essential for National that lots of ordinary Kiwis buy Mighty River shares. Is that why, as Rod Oram found, there’s no independent advice available to ‘mum and dad’ on the size of the risks? National must have such advice, but it’s keeping it from the public and beating the ‘buy, buy, buy’ drum instead.
Apparently Meridian Energy are saying that there is unlikely to be a renewal of the Tiwai Point power contract. This would massively disrupt the value of sales of shares in state owned power companies by this government. However news is being released just before Meridian appears before a select committee. So I’m anticipating that it is a chicken little play to scare this weak-kneed government into an emergency wastage of taxpayers dollars – just like the Peter Jackson inspired Hobbit extortion.
