The cost to New Zealanders of National’s asset sales has today hit $1 billion, according to figures released by the partially privatised power companies. The latest interim dividend figures from the partially privatised Mighty River Power, Genesis, and Meridian show that the Crown has forgone $945.14 million in dividends since the asset sales. The National Government spent $96 million on the asset sales programme, including bonus-share sweeteners for investors. Combined, that means the asset sales have a total cost of...

Power companies should be leading a national shift to clean energy, not lining up to keep the Huntly coal power station open, the Green Party said today. Green Party energy spokesperson Gareth Hughes is inviting the power companies that have called for Huntly to keep burning coal to meet with him and find a way to replace coal with cleaner options. “If burning more coal is the answer then as a country we have been asking the wrong questions,” Mr...

A proposed new coal mine at Mokau, South Waikato, shows why the Resource Management Act (RMA) should allow local authorities such as regional councils to take the causes of climate change into account, the Green Party said today. Mokau South Resources has applied to the Waikato Regional Council to dam, pollute, and discharge water in relation to a new coal mine it hopes to open under a mining permit it’s held since 1990. Since 2004, the RMA has prevented councils...

The National Government has today awarded nine new oil and gas exploration permits, in the latest demonstration it has absolutely no intention of living up to the Paris agreement to halt climate change, the Green Party says. “National couldn’t even wait a week after world leaders agreed on a plan to stop climate change before giving out new permits for foreign companies to drill for fossil fuels in New Zealand waters,” Green Party energy spokesperson Gareth Hughes said. “Today’s oil and...

Plans to expand the Waihi goldmine even further into the Waihi community shows the urgent need for the Government to support a new Green Party bill that protects communities from the destruction and damage of mining, the Green Party said today. OceaniaGold will be expanding their explorations underneath Waihi and already have the resource consents to do so according to reports yesterday. “People affected by the extension of mining in Waihi shouldn’t have their rights to live peacefully in their own homes...

The National Government's love affair with fossil fuels has just become more embarrassing, as New Zealand was voted one of the top ten most attractive nations for the fossil fuel industry to do business in, the Green Party says. The Government was yesterday given a top 10 ranking by the Fraser Institute for making New Zealand more attractive to the fossil fuel sector.  Oil executives surveyed by the institute praised governments who supported their industry through government spending, tax settings,...

New Zealand being awarded the Fossil of the Day award at the Paris climate talks is an embarrassing indictment that shows up the National Government’s failure to walk the talk on climate change, the Green Party said. The award was given to New Zealand for dishing out $80 million in subsidies to the oil, coal, and gas industries at the same time as John Key gave a speech in Paris claiming to show leadership on ending fossil fuel subsidies. “National...

Prime Minister John Key risks New Zealand being seen as two-faced at the Paris Climate talks later today when he’ll call for reform of fossil fuel subsidies, while New Zealand is throwing around massive tax breaks for oil exploration, the Green Party says. Prime Minister John Key intends to issue a communiqué to the United Nations tonight calling for countries to cut fossil fuel subsidies, and to make public the hand-outs governments are giving the industry. The National Government has...

Fonterra should follow the United Kingdom (UK) Government’s lead and phase out coal use instead of building new coal-fired milk drying plants, the Green Party said. The UK has announced that it will close all coal-fired electricity generation plants by 2025. Unless it takes action, Fonterra will by then be New Zealand’s largest user of coal after Genesis Energy stops burning coal in the Huntly power plant in 2018. “The UK has identified the need to stop burning coal and...

The Conservation Minister is negligent for allowing the Government to propose opening up more of the Maui’s dolphin sanctuary to oil and gas exploration, the Green Party said today. "If National was serious about protecting the critically endangered Maui's dolphins it wouldn't be proposing more oil and gas exploration in the part of the ocean where they live,” said Green Party conservation spokesperson Kevin Hague. Maui’s dolphin sightings from the Department of Conservation’s database mapped onto the area the Government...