August 21, 2024 • 6 mins
He refers to himself as the "Prince of the Provinces" but is he still the Prince of the Pine Trees? Does he still want to plant a billion trees? And what’s he going to do about the energy crisis and are the banks ripping us off? We let Matua Shane off the chain!
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Speaker 1 (00:00):
Here's the Prince of the province, is the Minister of
Regional Development, the Minister of Resources, Associate Minister of Energy Martyua,
Shane Jones. Gee, we've got a lot to talk about today,
Shane Banks, the energy crisis and pine trees. Where do
you want to start?
Speaker 2 (00:17):
I have to admit I was the billion tree man,
and the allegations that I went too far and gobbled
up good farm land depends on region by region, but
this time around New Zealand. First onto one's pine trees.
If they're going to go into the ets to be
put on precipitous land and that's not productive and doesn't
(00:39):
have a deep agricultural purpose.
Speaker 1 (00:42):
Okay, I might come back to the pine trees because
we're going to have lots about that on the show today.
The energy crisis. You're the Associate Minister of Energy. This
is a dog's breakfast. This is a debarcle.
Speaker 2 (00:56):
The market model that has been the orthodoxy since the
mid nineties is failing. We need to intervene. We need
to change the rules and regulations. We need a different
way of setting the prices of energy. From my perspective,
at the moment, every hour of energy is costed on
(01:18):
the basis of what it's How expensive it is it
to bring in Indonesian coal, how expensive is it at
the margin for gas. We need a different way of
leveling out the costs of energy and move away from
some of these fenceful ideas that have held sway but
are driving rural New Zealand businesses to the war.
Speaker 1 (01:38):
Who's ripping us off the most? The banks or the
gen tailors?
Speaker 2 (01:43):
Well, the gent tailors. I must say that their name
was slightly misspoken and mispronounced this morning on television when
they describe the gent tailors as something akin to biology,
so that your listeners work that out yourselves. But we
have a situation. Energy in New Zealand's no longer competitive
and international sense films will DeCamp and if we don't,
(02:06):
unless we're robust, we're going to hollow out in New
Zealand just for the benefit of the same corporate owners
who profit as a consequence of no competitiveness within the
banking sector. This issue of the Aussie banks ripping us
off has been around for years and up thoroughly with
Nikola willis that the time for taking on them with
feather dusters is over. We need chainsails.
Speaker 1 (02:28):
Yeah, well, she described that very well as a cozy
pillow fight between the four Ossie banks. And you know,
they say they've got to get a reasonable return on investment,
while A and Z, the biggest bank, has a thirteen
point eight percent return on equity. I'd love to see
a farm or a small business getting a result like that.
Speaker 2 (02:47):
The Aussie banks treat New Zealand as a larder that
they can incessantly into, and they seem to be impervious
in terms of whatever the Reserve Bank does whatever and students,
so all power to the hand of our foreign Sorry,
our finance minister shall get no dissent from my leader
(03:08):
or myself.
Speaker 1 (03:10):
Shane Jones, do you reckon? Farmers get a rough deal
from the banks compared to people, for instance, who are
in the residential market i e. Is farming in small
business subsidizing the highly competitive residential market, where the banks
at the moment seem to be falling over themselves backwards
to try and cut rates.
Speaker 2 (03:29):
Look, the Aussie banks make a fortune a cregment in
relation to the cost of business banking, enterprise banking in
New Zealand. It's a safe bet and they bet on houses.
This is not a new problem, but sadly for farmers,
that's not the only issue that are contending with. They're
contending with stratospherically high energy prices. You cannot run farming, mining, forestry,
(03:57):
fisheries in terms of processing unless we had a cost
of capital and a cost of energy that is competitive
with the rest of the world, and at the moment
we have neither of them. But this has been going
on for decades. I don't wan who took on the
supermarkets in twenty thirteen labour wouldn't back me, and then
eight or nine years later that a half pie lackbuster
(04:17):
attempt to regulate the grocery industry where surrounded in New
Zealand by this monopolistic fee gouging rent stratospheric space travelers
who sadly lived the life of Riley while the rest
of us are eating out in existence and wondering with
an extrat I think peace could be fair.
Speaker 1 (04:36):
Well, you haven't had much luck with the supermarkets. They're
still wroughting us.
Speaker 2 (04:40):
Oh well, I was in an unwanted sabbatical because too
many of the listeners listened to catastrophizing stories about wods.
Ton't I but now we're back in. It's on marriaging.
Speaker 1 (04:49):
Eventually they saw the light. A final question for you,
do you have a bear with Tucko Morgan? I thought
the Prime Minister did well to bite his tongue. He
went up and just basically got yelled out in the
poor What happened to respect for the office of Prime Minister?
Speaker 2 (05:04):
Well, Winston and I were both there, and we were
under some modest shelter. I'll look on them. I there
are new habits that have crept in. It's become a
place where hyperbole is tossed around and politicians tend to
make themselves targets. I hope you notice that they kept
(05:24):
well away from Winston and Shane Jones, because when I
encounter people being rude to me and what, I just
stand up and cut them off straight away, And that
leads to a higher level of bension and friction. But
there is a great deal to be said for respecting
the office of Prime minister, respecting those of us who
put our lives on the line, come in and pursue
(05:46):
this mission orientated where I being politicians, and many of
us could have a better, more profitable life if we
went in. Politicians so if we went in politics.
Speaker 1 (05:54):
Well, thank god for yourself and Winston, the saviors of
our nation. Shane Jones, Prince of the Province, is always
good to catch up with.
Speaker 2 (06:00):
Yeah, killed no bye
Here's the Prince of the province, is the Minister of
Regional Development, the Minister of Resources, Associate Minister of Energy Martyua,
Shane Jones. Gee, we've got a lot to talk about today,
Shane Banks, the energy crisis and pine trees. Where do
you want to start?
Speaker 2 (00:17):
I have to admit I was the billion tree man,
and the allegations that I went too far and gobbled
up good farm land depends on region by region, but
this time around New Zealand. First onto one's pine trees.
If they're going to go into the ets to be
put on precipitous land and that's not productive and doesn't
(00:39):
have a deep agricultural purpose.
Speaker 1 (00:42):
Okay, I might come back to the pine trees because
we're going to have lots about that on the show today.
The energy crisis. You're the Associate Minister of Energy. This
is a dog's breakfast. This is a debarcle.
Speaker 2 (00:56):
The market model that has been the orthodoxy since the
mid nineties is failing. We need to intervene. We need
to change the rules and regulations. We need a different
way of setting the prices of energy. From my perspective,
at the moment, every hour of energy is costed on
(01:18):
the basis of what it's How expensive it is it
to bring in Indonesian coal, how expensive is it at
the margin for gas. We need a different way of
leveling out the costs of energy and move away from
some of these fenceful ideas that have held sway but
are driving rural New Zealand businesses to the war.
Speaker 1 (01:38):
Who's ripping us off the most? The banks or the
gen tailors?
Speaker 2 (01:43):
Well, the gent tailors. I must say that their name
was slightly misspoken and mispronounced this morning on television when
they describe the gent tailors as something akin to biology,
so that your listeners work that out yourselves. But we
have a situation. Energy in New Zealand's no longer competitive
and international sense films will DeCamp and if we don't,
(02:06):
unless we're robust, we're going to hollow out in New
Zealand just for the benefit of the same corporate owners
who profit as a consequence of no competitiveness within the
banking sector. This issue of the Aussie banks ripping us
off has been around for years and up thoroughly with
Nikola willis that the time for taking on them with
feather dusters is over. We need chainsails.
Speaker 1 (02:28):
Yeah, well, she described that very well as a cozy
pillow fight between the four Ossie banks. And you know,
they say they've got to get a reasonable return on investment,
while A and Z, the biggest bank, has a thirteen
point eight percent return on equity. I'd love to see
a farm or a small business getting a result like that.
Speaker 2 (02:47):
The Aussie banks treat New Zealand as a larder that
they can incessantly into, and they seem to be impervious
in terms of whatever the Reserve Bank does whatever and students,
so all power to the hand of our foreign Sorry,
our finance minister shall get no dissent from my leader
(03:08):
or myself.
Speaker 1 (03:10):
Shane Jones, do you reckon? Farmers get a rough deal
from the banks compared to people, for instance, who are
in the residential market i e. Is farming in small
business subsidizing the highly competitive residential market, where the banks
at the moment seem to be falling over themselves backwards
to try and cut rates.
Speaker 2 (03:29):
Look, the Aussie banks make a fortune a cregment in
relation to the cost of business banking, enterprise banking in
New Zealand. It's a safe bet and they bet on houses.
This is not a new problem, but sadly for farmers,
that's not the only issue that are contending with. They're
contending with stratospherically high energy prices. You cannot run farming, mining, forestry,
(03:57):
fisheries in terms of processing unless we had a cost
of capital and a cost of energy that is competitive
with the rest of the world, and at the moment
we have neither of them. But this has been going
on for decades. I don't wan who took on the
supermarkets in twenty thirteen labour wouldn't back me, and then
eight or nine years later that a half pie lackbuster
(04:17):
attempt to regulate the grocery industry where surrounded in New
Zealand by this monopolistic fee gouging rent stratospheric space travelers
who sadly lived the life of Riley while the rest
of us are eating out in existence and wondering with
an extrat I think peace could be fair.
Speaker 1 (04:36):
Well, you haven't had much luck with the supermarkets. They're
still wroughting us.
Speaker 2 (04:40):
Oh well, I was in an unwanted sabbatical because too
many of the listeners listened to catastrophizing stories about wods.
Ton't I but now we're back in. It's on marriaging.
Speaker 1 (04:49):
Eventually they saw the light. A final question for you,
do you have a bear with Tucko Morgan? I thought
the Prime Minister did well to bite his tongue. He
went up and just basically got yelled out in the
poor What happened to respect for the office of Prime Minister?
Speaker 2 (05:04):
Well, Winston and I were both there, and we were
under some modest shelter. I'll look on them. I there
are new habits that have crept in. It's become a
place where hyperbole is tossed around and politicians tend to
make themselves targets. I hope you notice that they kept
(05:24):
well away from Winston and Shane Jones, because when I
encounter people being rude to me and what, I just
stand up and cut them off straight away, And that
leads to a higher level of bension and friction. But
there is a great deal to be said for respecting
the office of Prime minister, respecting those of us who
put our lives on the line, come in and pursue
(05:46):
this mission orientated where I being politicians, and many of
us could have a better, more profitable life if we
went in. Politicians so if we went in politics.
Speaker 1 (05:54):
Well, thank god for yourself and Winston, the saviors of
our nation. Shane Jones, Prince of the Province, is always
good to catch up with.
Speaker 2 (06:00):
Yeah, killed no bye
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