Thursday, 15 November 2012

Tax Payers Foot The Bill For Privatisation

The Greens warn State Government plans to privatise power generators and the Cobbora coal mine will impact Hunter residents.

Despite reinvesting profits from privatisation into state infrastructure, The Greens say the privatisation will lead to job cuts because new owners will need to tighten budgets.

NSW Greens MP, John Kaye says that the system makes no long term economic sense and tax payers will foot the bill to attract private owners.