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No Right Turn has an apt way of putting things some times. The way that the smelter operates is the exact equivalent of some thuggish barbarians with big swords extracting tribute for not burning, raping and pillaging. In other words Danegeld or any other form of protection racket. I’ll repeat his succinct post here and then follow up with a few of my comments.
So, Rio Tinto has supposedly reached a deal with Meridian and Contact to give them cheaper electricity prices and keep the Tiwai Point smelter open. Down south, they’re celebrating. But the rest of us shouldn’t be. I’ve argued before that the best thing this foreign polluter can do is close. It uses 12% of our total electricity generation, effectively making it responsible for that entire sector’s carbon emissions, while receiving huge carbon subsidies (latest figures: 1.7 million tons in 2019, worth $65 million at today’s prices if they’re getting an equivalent amount this year, a huge whack of their ....

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