Please support the petition on asset sales.
This is the best chance we've got to stop the government selling our power companies and Air New Zealand for a quick buck.
Our state-owned power companies are at risk
The National Government's plan to sell 49% of Meridian Energy, Mighty River Power, Genesis Power and Solid Energy is bad for the economy and the first step to full privatisation of these valuable public assets.
They are some of our highest earning assets, with average shareholder returns of 18.5% - all to avoid borrowing costs to the government of around 4%.
Selling off our publicly owned companies would mean more foreign ownership and less accountability to what's best for New Zealanders. If they are privatised the power companies' individual assets - like our dams and wind turbines - can be 100% sold into private ownership.
Read more about why we should keep our assets
The Keep Our Assets campaign is a broad group of community organisations including the Green Party, Grey Power, Council of Trade Unions (CTU), Labour Party, New Zealand Union of Students Associations (NZUSA), Greenpeace and many more.
Check out Volunteer HQ for:
- Events: join our local teams
Recent news about Asset sales
The National Government's head in the sand approach to poverty means Pacific children are being denied the same opportunities to thrive as others, the Green Party said today. More
Pasted below is an article by John Small from Covec that was published in the Dom Post a couple of days ago. In it he argues that NZ Power should reduce prices and significantly improve retail competition, and new generation will still be fundable. More
An economic report commissioned by the Green Party shows that the National Government's stated objective of rebalancing the economy has failed and reveals major underlying vulnerabilities.
National's under-pricing of the Mighty River Power share float has cost the public millions, as retail investors sell up and the company slips further into overseas ownership, Green Party Co-leader Dr Russel Norman said today. More
How much has the asset sales programme cost, including but not limited to the expenditure on brokers' and bankers' fees, the bonus shares, advertising costs, the Treasury's internal costs, the costs borne by the companies slated to be sold, the water dispute costs, extra fees to board members and CEOs, and listing fees? More
Mighty River Power's shares have been transferred from all New Zealanders to corporates and a small minority of already well off New Zealanders, Green Party Co-leader Dr Russel Norman said today. More
The National Government's singular focus on one measure of economic performance - returning the Government's budget to surplus - is distracting attention away from their failure to rebalance the economy and create jobs, the Green Party said today. More
National's rush to sell the three electricity SOEs before the end of the year is anti-democratic, financially unsound, and will leave retail investors exposed when NZ Power reduces electricity prices, Green Party Co-leader Metiria Turei said today. More
Prime Minister John Key's threat that a future National Government would scrap NZ Power and put up power prices is a stark admission of failure, Green Party Co-leader Metiria Turei said today. More
Prime Minister John Key is right to say that Mighty River Power needs to consider revising its share offer document in the light of the joint Greens/Labour launch of the NZ Power plan, Green Party energy spokesperson Gareth Hughes said today. More
The low headline Consumer Price Index figure hides significant rises in electricity prices, the Green Party said today. More
The Mighty River Power offer document release by the National Government today fails to adequately spell out the risks for Kiwi mums and dads of investing in Mighty River, Green Party Co-leader Dr Russel Norman said today. More
The cost of National's asset sales has risen again with Mighty River Power's board receiving extravagant pay rises, and it's Kiwi households and businesses who will pay through higher power prices, Green Party Co-leader Dr Russel Norman said today. More
National needs to stop their asset sales plans to strengthen the Government's hands in negotiations with Rio Tinto, Green Party Co-leader Dr Russel Norman said today. More
Contact Energy's call for higher power prices to satisfy the profit demands of private investors is confirmation that asset sales would mean Kiwi households would pay more for electricity, Green Party Co-leader Dr Russel Norman said today. More