SIR RALPH NORRIS RECOMMENDS ENERGY ASSETS TO SELL
Business Rangatira (chief) Sir Ralph Norris was on TV today in a rare appearance. His background (as blogged about before), is in Australian banking and banking systems innovation in IT’s early days development with EFTPOS in Australasia.
These days Sir Ralph is doing “white milk” (dairy products) + “black milk” flows (energy – oil, gas, coal) in his business management portfolio blend for 2012. Focusing on “sploshes of liquid cash” economies from New Zealand is what he has his mullah on for economic growth.
NZ’s SOE energy assets sales, have hit a glitch as people ask ‘why do we need to buy our own assets, as we already own them?” As a respected business spokesperson, Sir Ralph has come in to bat today with a message “sell the bloody assets and hurry up.” Just not in those exact words.
Te Karere News reports: “Businessman Sir Ralph Norris of Ngāti Hine believes a Māori stake in asset sale shares would be a good thing. He’s returned to NZ from Australia where he says an Australian buy-up of shares in state assets has helped strengthen their economy.” Sir Ralph is sounding very Gina Reinhart baby billionaire mogul today with that talk.
Watch him above.
My thoughts: There is no electricity in India (1.3 billion people, China 1.3 billion, or the USA 309 million, or the UK) without coal, oil. Gas helps keep people warm in winter too.
So, obviously with this ‘electricity assets’ float publically – the call is on in the world for these companies to expand into coal, gas, oil mining more
(Dame Jenny Shipley‘s Genesis Energy years, saw Genesis expand from electricity into coal profits, for example). If we float the assets, we start to carve up our backyard environment in this process. Good? Bad? Or time to go there? Sir Ralph says, “it’s time to go there.”
He’s also used to earning $20 million a year from Australian banks profits. Why do you think of Sir Ralph’s assets float recommends? It’s nice to see Sir Ralph on Maori telly’s Te News show. :)
~Posted by Horiwoodblog, Aotearoa New Zealand, Polynesia Asia-Pacific. 3.8.12~