Regular readers will know that I loatheÂ socialism, and especially loatheÂ corporate welfare.
I also loatheÂ local government giving anyone the right to turn our waterways toxic. So it is a good day when we hear that an extremely dodgy corporate welfare project is looking likely to fail.
The halfwits at the Hawke’s Bay Regional Council have been promoting a massive irrigation scheme in Central Hawkes Bay, despite being repeatedly warned that it was not environmentally sound and was not economically viable.
These points now seem to be coming home to roost.
Backers of the Hawke’s Bay irrigation scheme have until March 31 to show they have the necessary consents, investment and demand before construction begins.
But Friday’s High Court decision, in favour of Fish & Game and other appellants, has complicated matters because it has sent a crucial part of the resource consent back to a board of inquiry for consideration.
The board needs to reconvene and take submissions from both sides. No date is set for this to occur, and it is uncertain how long it would take or what process it would follow. If the investment company behind the scheme is forced to extend the financial closing date beyond the end of March, it would face additional costs of about $250,000 a month.