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Monday, April 4, 2011

Coal lovin' Nats revealed!

"Acting Energy and Resources Minister Hekia Parata says an energy strategy mistakenly published on-line, is a draft document and is not final.
The paper shows the Government's highest priority will be expanding oil, gas and coal exports, even as it reaffirms the goal of getting 90% of New Zealand's electricity from renewable sources."

Radio New Zealand spills the beans. Briquettes. Whatever.

2 comments:

Anonymous said...

China will be happy:

Maybe Lignite Bill can make some good money out of it...

Giant Chinese energy company Qinghua Group - with more than $12 billion of mining assets - is assessing several billion-dollar projects across the South Island...

"The Chinese were very intrigued with our new Prime Minister and his financial background," says Solid Energy's Don Elder, the sole Kiwi businessman to attend the Forum.

Key met separately with Lou Jiwei, chairman of China Investment Corporation, the world's largest sovereign wealth fund, which is seriously interested in New Zealand

China's drive to buy controlling stakes in resource-rich companies has sparked controversy, particularly in Australia and the United States.

Key acknowledges popular opposition to China's Government-directed international buying sprees.

Key says he made the point that China was hugely under-represented as an investor in New Zealand...

http://www.nzherald.co.nz/solid-energy/news/article.cfm?o_id=362&objectid=10569777

Does SOE Minister Simon Power have a nice retirement plan set up... after Solid Energy and other SOEs go on sale...

robertguyton said...

The looming Chinese mining companies are difficult to get a bead on, aren't they. With Grey Wolf as their foil and a happy happy joy joy name, they don't ruffle feathers much.
They are there though and seem well pleased with their man Key.