Conflicted Interests

Further to my piece about John Key's share disclosures this week and his former holdings in Tranzrail apparently making his position as an MP a conflict of interest, there comes info on a more pressing and real conflict of interest 

Jeanette Fitzsimons and her conflicts over shareholdings in several companies associated with her Party the Greens and the Labour Party passing "green" based legislation.   

From The Hive comes this gem:

Remember the $1 billion in funding, in part to subsidise home insulation, negotiated by the Green Party as part of the agreement to vote for the ETS?

Guess who owns shares in the company that makes this product????

This really stinks. Of course it would be too much to hope for One News to pick this up.

A comment on the Hive's post reveals the following:

Jeanette FITZSIMONS (Green, List)

1 Company directorships and controlling interests
Aeolian Property Company Limited – property management
Green Circle Farm Limited – farming
2 Interests (such as shares and bonds) in companies and business entities
Fletcher Building Limited – building materials and products
Cavalier Corporation Limited – wool scouring, carpets
Fisher & Paykel Appliances Holdings Limited – appliance manufacture

REGISTER OF PECUNIARY INTERESTS OF MEMBERS OF PARLIAMENT: SUMMARY OF ANNUAL RETURNS J. 7
23
Fisher & Paykel Healthcare Corporation Limited – healthcare equipment
Scott Technology Limited – technology
6 Real property
Family home (jointly owned), Kauaeranga Valley, Thames
One-fifth share in relative’s home near Kawhia
7 Superannuation schemes
Green Futures Superannuation Trust
MFL Property Fund

Nothing wrong with owning assets, but holding shares in Fletcher Building (DISCLOSURE: I OWN FBU shares!!) and advocating for the Emissions Trading Tax fraud law is a clear conflict of interest and as The Hive rightly states, mainstream media seem as blind as Stevie Wonder when it comes to its reportage, along the lines of the non event of John Key and his Tranzrail shares.

There is also confusion over whether she still owns Windflow Technology shares and conflicts about over holding shares in that company and Jeanette's pushing to advantage the wacky backy Windmill industry.

Go figure.

c Political Animal 2008

NZ First and Greens collude with Labour to pass fraudulent emissions bill

It looks like the Labour Government's emissions trading wet dream is set to pass over the next two weeks.

The Green Party and NZ First's Winston Peters had secret talks in Wellington a week or so back and both parties then agreed to vote for Labour's scheme.

It is set to cost New Zealand billions, lost jobs, and a destruction of the economy when the carbon trading market collapses and it will because it is based on hot air.

The scheme is based on a fraudulent trading scheme put together by the boys at the collapsed energy trading firm Enron in the 1990s.

The trading scheme and all that it entails is simply about making money for "inside individuals" and more taxes for our government.

A question one might have to ask oneself why some of the highly placed individuals in New Zealand might be pushing this carbon nonsense?

In the absence of any logical reason I would have to surmise that money is involved.

Like Al Gore, the answer might be that people like him in New Zealand stand to benefit financially by millions and have a vested interest in passing such moronic laws.

It would be interesting to see what investments Helen Clark, Russell Norman, Jeannette Fitzsimmons and Winston Peters have in their bottom draw.

We know Jeanette or her family trust have shares in Windflow Technology, a Windmill company set to benefit from this law being passed and she and the aforementioned are all leaders of parties that are voting for it.

I cant think of any other explanation or motivation for these politicians to back this law except lining their own pockets.

Can you?

Related Political Animal reading

Fraudulent Emissions Trading Bill
Bitching and moaning
Jeanette Fitzsimons & Helen Clark in conflict with business
Kyoto critic comes to town
Global warming: Power to the people
Carbon Credit trading puts markets at extreme risk
Global Warning: Tax iceberg ahead
Unstoppable global warming
Earth Day: Turn on, tune out, buy some candles
TIME magazine slips inconvenient truth past its readers
The Great Global Warming Swindle
PRIME TV PRESENTS: The Great Global Warming Swindle
Kristen Byrnes-Ponder the Maunder
Of tulip bulbs and tooth fairies

c Political Animal 2008