Uploaded July 2026 | Updated September 2026, 2 weeks ago
The government has written a $60 million taxpayer check to Golden Bay, a subsidiary of Fletcher Building, to cover costs caused by New Zealand’s Emissions Trading Scheme. Instead of fixing broken rules that make local industry uncompetitive, politicians are using public money to bail out big players with high-powered lobbyists.
Jordan Williams from the Taxpayers' Union joins Duncan Garner to break down this massive corporate welfare decision. We look at why overseas competitors do not face these same costs, why European nations are rolling back green regulations, and why the Coalition government refuses to review the ETS rules. We also question Christopher Luxon and Nicola Willis on why they promised to stop wasteful government spending but end up making the same calls as previous administrations.
00:00:00 - $60M Corporate Welfare For Golden Bay
00:01:15 - How The ETS Makes Local Business Uncompetitive
00:03:05 - The Dangerous Precedent For Other Industries
00:05:40 - Why Overseas Competitors Are Not Pricing Emissions
00:07:35 - Nicola Willis And Christopher Luxon Called Out
00:10:05 - Is It Time To Freeze The ETS?
Join this channel to get access to perks:
youtube.com/channel/UCSypyI8wbnZgJDYY0VCdwJQ/join
Get in touch with Duncan - duncan@rova.nz and join us on the socials.
Website: rova.nz/podcasts/duncan-garner-editor-in-chief-live
Instagram: @DuncanGarnerpodcast
TikTok: @DuncanGarnerpodcast
The government has written a $60 million taxpayer check to Golden Bay, a subsidiary of Fletcher Building, to cover costs caused by New Zealand’s Emissions Trading Scheme. Instead of fixing broken rules that make local industry uncompetitive, politicians are using public money to bail out big players with high-powered lobbyists.
Jordan Williams from the Taxpayers' Union joins Duncan Garner to break down this massive corporate welfare decision. We look at why overseas competitors do not face these same costs, why European nations are rolling back green regulations, and why the Coalition government refuses to review the ETS rules. We also question Christopher Luxon and Nicola Willis on why they promised to stop wasteful government spending but end up making the same calls as previous administrations.
00:00:00 - $60M Corporate Welfare For Golden Bay
00:01:15 - How The ETS Makes Local Business Uncompetitive
00:03:05 - The Dangerous Precedent For Other Industries
00:05:40 - Why Overseas Competitors Are Not Pricing Emissions
00:07:35 - Nicola Willis And Christopher Luxon Called Out
00:10:05 - Is It Time To Freeze The ETS?
Join this channel to get access to perks:
youtube.com/channel/UCSypyI8wbnZgJDYY0VCdwJQ/join
Get in touch with Duncan - duncan@rova.nz and join us on the socials.
Website: rova.nz/podcasts/duncan-garner-editor-in-chief-live
Instagram: @DuncanGarnerpodcast
TikTok: @DuncanGarnerpodcast
