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Archive for 24 February 2013

Nothing quite sez Rich Man’s Conference than this event (part rua)

24 February 2013 3 comments

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national-needs-act-hide

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Continued from: Nothing quite sez Rich Man’s Conference than this event

I’ve always believed that the Left’s ability for in-fighting and self-mutilation is without peer. Our ability to attack each other – whilst the barbarian hordes of neo-liberals run rampant through our societies – is without peer, I’ve thought. (The self-destruction of the Alliance Party, in 2001,  was a recent example of this.)

But, nah.

I was wrong.

There are times when the Right can be equally adept when it comes to bouts of masocistic self-harm.

The recent ACT conference at Alan Gibbs’ farm-estate at Kaukapakapa, about 50kms north of Auckland, was an eye-opener.

First of all, the choice of holding a Party conference at an isolated Rich White Man’s farm-estate, complete with bizarre multi-million dollar “art” and a private zoo…

Pray tell, ACT Party – precisely what message were you thinking of sending to the public of New Zealand?

That ACT chooses to be isolated from the rest of society, and stand apart from other New Zealanders?

That ACT is a Rich White Man’s Party?

That ACT surrounds itself with the trappings of an eccentric millionaire (who is absent from New Zealand most of the year), whilst unemployment, child poverty, and growing wealth-income divide worsens?

If those were the messages – consider them received and understood.

Secondly – who let the clowns out, ha, ha-ha, ha!

Rodney Hides “performance” on Saturday, 23 February was gob-smacking.

It’s pretty fair to say that I am no friend of ACT or the Right Wing in general.  But even I was embarressed at Hide’s weird behaviour in front of media cameras, and felt truly sorry for all those ACT Party activists who work their butts off at elections.

But don’t take my word for it – see for yourself. The ‘action’ rolls from 0:40 to 1:30 on TV3’s video,

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ACT 2013 conference_rodney hide_gibbs farms_hates unions

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That kind of bizarre, blokey ‘humour’ might be fine amongst friends and colleagues, away from the public eye. But televised to the entire nation, the message it sends me is,

  1. Rodney Hide doesn’t give a sh*t anymore
  2. Rodney Hide just gave the metaphorical “fingers” to the whole country
  3. Arrogance and inappropriate ‘humour’ is a bad mix – especially in public.

By the way. It may escape folks attention, but Hide’s outburst against TV3 was the height of irony.

ACT is a Party that supports free enterprise and business.

Mediaworks (TV3’s parent body) is privately owned business.

ACT supports businesses because they are supposedly more efficient than the State.

TV3’s journalists are highly effective at their profession.

So what’s the problem between ACT and a business such as TV3?

If TV3’s journos are doing well at investigating and probing politicians and their Parties – then that’s free enterprise doing what it ought to; providing a service to consumers; selling advertising; and returning a profit to shareholders.

Anyone would think that ACT is hostile to free enterprise.

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That was Then, This is Now #18 (Solid Energy)

24 February 2013 8 comments

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That was then…

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September 2011,

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Solid Energy chief executive, Don Elder and Hon Bill English at Mataura  - 9 sept 2011

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Solid Energy starts work at Mataura Briquette Plant

Friday, 9 September 2011, 2:57 pm
Press Release: Solid Energy NZ

9 September 2011

Solid Energy marks the start of work at its Mataura Briquette Plant

The Hon Bill English, MP for Clutha-Southland and Minister of Finance, today marked the official start of work at Solid Energy’s Mataura Briquette Plant, by “turning the first sod” at a small event on site with neighbours, local authorities, and other guests.

The $25 million Mataura briquette plant is planned to start production by June 2012. It will produce up to 90,000 tonnes a year of low-moisture and higher-energy briquettes from about 150,000 tonnes of lignite mined from Solid Energy’s New Vale Opencast Mine and trucked to the Craig Road site. The plant will use technology developed in the USA by GTL Energy.

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This is now…

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February, 2013…

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No more bonuses at Solid Energy - English

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State miner to return to coalface

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A year and a half  later, neither Dear Leader Key nor Little Leader Bill English seemed terribly keen to be associated with  any more  photo-ops with Don Elder.

In fact, the much vaunted sod-turning in September 2011, to build a brand-new $25 million  briquette plant at Mataura, was no longer quite so glamous. Despite probably still having Southland dirt on his shoes, both Bill English and John Key were at pains to distance themselves from Solid Energy’s highly publicised energy projects,

“Four or five years ago they set out on a big programme of expenditure on alternative energy, including researching into lignite down south to coal gasification and other research-based speculation, and that hasn’t turned out the way they thought.” – Bill English, 22 Feb 2013

“The second thing is that they made a number of investments which have proved not to be very valuable and the Government has been working on that process for the last couple of years.” John Key, 23 Feb 2013

It’s amazing how politicians seem to have this ability – verging on a preternatural super power – to distance themselves from something  they had only recently embraced and supported with whole-hearted gusto.

Interesting to note that as well as the $23.5 million in bonuses paid  over the past two years to 950 employees,  Solid Energy also paid out considerable dividends to the government;

 

30 June 2009 – $59.9 million (source)

30 June 2010 – $54 million (source)

30 June 2011 – $20 million (source)

30 June 2012 (paid at 30 Sept 2011) – $30 million (source)

Total: $163.9 million

Plus millions more paid in company tax.

With the data above, I have some questions;

  1. It seems remarkable that National only discovered a couple of days ago that Solid Energy’s financial position was not sound. What was Bill English doing last year?
  2. How could Solid Energy’s financial position go from a pre-tax profit of  $127.5 million (see: Solid Energy shines despite earthquakes) in August 2011 – to a massive $389 million debt this year? Did National gouge one of our cash-state-cows?
  3. With Solid Energy’s expansion projects (which Bill English must’ve known about, as he turned a sod of earth in Southland on 9 September 2011), were the dividends paid since 2009 realistic?
  4. With National’s track record of constantly shifting responsibility away from themselves, who are pointing the finger at? With all the highly paid Ministers, board members, and executives – will the office cleaner be held to account?
  5. Is the corporate model, with big salaries and bonuses paid to executives and an evident  lack of transparency, appropriate for state owned enterprises?
  6. Will workers be made to suffer job lossses and subsequent economic hardship, because of the actions of  Solid Energy’s executives and Crown Ministers? Why aren’t the workers offered the same ‘golden parachute’ that ex-CEO Don Elder most likely received?

No doubt neo-liberals will point to the failure of  ‘Solid Energy’ as proof-positive that governments cannot run state-owned businesses.

Not true.

This is proof positive that National (or other right wing) governments cannot run state-owned businesses.

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Acknowledgement

Tim Jones, Coal Action Network Aotearoa

Previous Blog Post

That was Then, This is Now #17

Other Blogs

Robert Guyton: Comments on Solid Energy

The Standard: Nats’ fossil fuel bet & culture of excess bankrupted Solid Energy

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