I am vehemently opposed to the sale of Mighty River Power yet I have registered to buy shares in the company. I firmly believe that rather than the government statement of “no one owns the water”, that all of us, all New Zealanders own the water and therefore it is the duty of the government to make sure that the control of this water stays in the hands of New Zealanders.
The government is being extremely short sighted. Yes, Oil is unlikely to run out as many more deposits of oil have been found around the world but these are in relatively inaccessible areas and extremely costly to mine, therefore the costs of other forms of energy are going to go up significantly. The short term monetary gain to be made from selling this asset misses out on the long term loss that all New Zealanders will have to pay for.
So yes, John Key, I have registered to buy shares in Mighty River Power but please don’t use my registering to purchase shares as be being pro sale of the asset. If the sale of the asset is to go ahead anyway, I want to make sure I can keep what little of it I get in New Zealand hands. And that is my primary and only motive for purchasing these shares.