February 28, 2013
Water judgment has warning for investors
Mana leader Hone Harawira says investors in Mighty River Power need to know its future operations could be affected by Maori claims.
The Government intends to push ahead with the sale of 49 percent of the state owned power company now the Supreme Court has turned down a New Zealand Maori Council request for a delay until a protection mechanism for water and geothermal claims was put in place.
Mr Harawira says the court rejected the High Court’s finding that the Treaty of Waitangi did not apply, and it has put the Crown on notice that it must provide for Maori interests in water.
Hone Harawira says the majority of New Zealanders were opposed to the asset sales, so they will be disappointed an injunction was not granted.
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