The sale by electricity supplier Vector of the UnitedNetworks lines company to a Chinese-based corporation is a threat to secure and affordable power to New Zealanders, says the Alliance Party.
Alliance spokesperson Victor Billot says the basic infrastructure of New Zealand including electricity must remain not just in New Zealand hands, but in the full ownership and control of the people of New Zealand, to be managed for the public good.
Mr Billot says the buyup is linked directly to investment giant Hutchison Whampoa, which failed in a bid to gain a controlling interest in the Port of Lyttelton in 2006.
“These predatory multinationals have no interest in the future of New Zealand except whatever profit they can extract, as the debacle with the railways privatization showed in the 1990s. If the people do not own and control the vital infrastructure of our nation, we have become tenants in our own land.” Read the rest of this entry »
Posted by Admin as Uncategorized at 6:49 PM UTC