Simon Bridge’s letter to petrol companies warning them they have been too slow to cut their prices is no way to regulate an industry or hold the oil companies to account. It’s also a blatant admission New Zealand motorists are being overcharged, says Labour's Energy spokesman, Stuart Nash.
“I’m surprised the Energy Minister thinks a warning letter to these companies will achieve any results at all, or is the right way to ensure transparency and accountability in an industry that doesn’t have the best reputation for openness and honesty. Kiwi motorists deserve a much higher level of transparency on fuel pricing and now is the time for action, not words.
New Zealand’s petrol retailers and importers must start passing on savings to Kiwis motorists following the dramatic drop in the price of crude oil, Labour’s Energy Spokesman Stuart Nash says.
“It is great news for Kiwi drivers that the price of petrol is falling. However, New Zealanders have been paying far too much at the pump and it is time retailers and importers rectified this with a permanent margin correction.
The Government must ensure foreign investors uphold their commitment to add value to sensitive New Zealand assets* they purchase, after new figures show National has declined just 1.5 per cent of all applications, Labour’s Land Information spokesperson Stuart Nash says.
"Figures compiled by the Parliamentary Library show that since taking office in 2008, the National Government has rejected 11 applications but approved 724 sales of sensitive assets.
Labour will look very closely at any Overseas Investment Office application to purchase Pakatoa Island if it is not bought by a Kiwi, says Labour’s Land information Spokesperson Stuart Nash.
“Pakatoa is an iconic island in the middle of Hauraki Gulf and the listing agent has said he is expecting strong interest from overseas. It would be a real shame if the island joined a growing list of iconic properties that were slipping out of Kiwi ownership.
Energy Minister Simon Bridges needs to stop ducking for cover about whether or not the Government will support plans to nationalise and then privatise $2.1 billion of shares in the Auckland Electricity Consumer Trust, Labour's Energy spokesperson Stuart Nash says.
“It has emerged big business groups are meeting in private this afternoon to try to pressure the Government to introduce legislation to nationalise the shares that are currently owned by the people of Auckland through the AECT.
While Electricity Authority figures showing geothermal has risen from the fourth to the second highest source of power generation are a promising sign for a geothermal renaissance, there can be no cause for complacency, Labour’s Energy spokesperson Stuart Nash says.
“New Zealand has a history of technological innovation in geothermal generation, with a resurgence in its use as an energy source over the past decade. The Electricity Authority figures are evidence of the growth of geothermal and it’s encouraging to see we are well on our way to being a world leader in this area once again.
News that Land Information New Zealand officials have been working on a register of foreign buyers of New Zealand homes is a welcome surprise, but Land Information Minister Louise Upston now needs to be clear on the details of the project, Labour’s Land Information spokesperson Stuart Nash says.
“It’s no wonder the Government is being secretive about work being done in this area. Labour has been calling on a register to be set up for some time. On the other hand National’s response has always been to claim a register is both unnecessary and xenophobic.