The Government has launched public consultation on the second phase of its reforms to the Overseas Investment Act. Read the related media statement by Hon David Parker Less red tape, new national interest test focus of consultation on overseas investment rules
We all need to push back HARD against this. The governments approach looks at managing allocations to ensure the‘takes’ are sustainable – the assumption is that the goal should be to make the most money out of our water.
But what if, making the most money from water doesn’t allow us to make the most from our land (for example)?
But what if, those uses have massive environmental costs that aren’t accounted for and what if small kiwi-owned enterprises are shut out of the water market and we end up with (essentially) monopoly control of our water by large corporates?
Cap and trade is a market system and if foreign interests have access to that system (which they would) then we are doomed.