Dodgy Socialist Dam to be paid for by ACC?

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ACC has declined an Official Information Act request from RNZ News that sought information it held regarding its possible investment in the Hawke’s Bay dam.

It is understood ACC may invest in the dam, after cornerstone investors Trustpower and Ngai Tahu pulled out, saying the risks were too high and the rewards too low.

However, ACC said its position would be prejudiced if it disclosed whether the information asked for even existed, and said therefore “ACC neither confirms nor denies the existence or non-existence of the information”.

ACC minister Nikki Kaye cannot comment as she is not privy to ACC’s investment decisions.

It’s one thing for ACC to make prudent investment decisions, but surely this is a dam with an extremely high risk profile? It’s embroiled in the courts, the environmental impact is clearly severe, and ACC would be getting their investment back how exactly?

Green Party’s water spokesperson Catherine Delahunty said it was obvious ACC was looking to invest in the dam given its refusal, and said the public deserved better.

“So why does the ACC not want to answer the question, why don’t they just admit they’re considering doing this?” Ms Delahunty asked.

“I think that possibly they don’t want to admit it because this scheme is a scheme in trouble – I heard only today that they’re still having trouble getting farmers to invest in it.”

Ms Delahunty said the last thing ACC should be doing with public money is investing in the dam.

By the time Delahunty and I are on the same side of an issue, all sorts of warning flags go up. ACC should not be putting our money into high risk investments.

 

– RNZ


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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