NZ’s ‘Worst’ Overseas Firms

RIO TINTO ALCAN NZ WINS ‘ROGER’ AWARD FOR WORST FIRM

 WESTPAC, SAJO OYANG & OCEANIA — EQUAL RUNNERS UP

(GOVERNMENT WINS ACCOMPLICE AWARD)

The Campaign Against Foreign Control of Aotearoa (CAFCA)has given its annual ‘Roger’ award for worst performing transnational firm to Rio Tinto Alcan.

The next worst firms – all judged equal – are the Westpac bank, Oceania rest homes (owners of Eldon Lodge in Kapiti), and the fishing firm Sajo Oyang.

CAFCA says:” Rio Tinto Alcan NZ Ltd (notorious for decades under its previous name of Comalco) has been a regular finalist —  and was runner up in both the 2009 and 08 Roger Awards.

It is the majority owner of the Bluff smelter operated by New Zealand Aluminium Smelters Ltd.

Nominated for lobbying Govt.

In 2011, it was nominated for lobbying two Governments ‘over several years to secure excessive allocations of free emissions units under the NZ Emissions Trading Scheme.’

The judges said:“It appears therefore, that the New Zealand taxpayer is subsidising a transnational corporate rort of the emissions trading scheme…

“The significance of this stance cannot be underestimated; a major transnational player within New Zealand materially benefits from its non-compliance with a strategy to reduce global climate change and its ecological effects.”

The Judges’ Report concludes that the company has a 50 year history of ‘suborning, blackmailing and conning successive New Zealand governments into paying massive subsidies on the smelter’s electricity; dodging tax, and running a brilliantly effective PR machine to present a friendly, socially responsible and thoroughly green-washed face to the media and the public.’

‘Milking’ of EMS scheme

The CAFCA judges says its ‘milking’ of the Emissions Trading Scheme is ‘entirely in character.’

They add that the detailed Financial Analysis available to them reveals that the smelter’s claimed benefits to NZ, namely annual export earnings of “around $1 billion” are, in fact, overstated by four fifths.

Of the three equal runners up, Westpac (joint winner of the 2005 Roger Award winner, and a finalist in 2009 and 10), was chosen because of ‘an aggressive profiteering strategy at the expense of bank staff and ordinary borrowers.’

Oceania rest homes were named because of their ‘exploitation of minimum wage rest home workers.’

 

Sajo Oyang got its award because its ‘crew members have been abused, mistreated and otherwise exploited.’

Government wins accomplice award

The Government has won the Accomplice Award, the judges say, “Because it seems to have forgotten that the role of the State is not just to make things better for Big Business, or raise taxes.

“But its role is also to make and monitor the regulations and processes in order to create a balance to benefit the overall welfare of the population.’  

The criteria for judging are by assessing the transnational (a corporation with 25% or more foreign ownership) that has the most negative impact in each or all of the following categories:

  • Economic dominance – monopoly, profiteering, tax dodging, cultural imperialism;
  • People – unemployment, impact on tangata whenua, impact on women, impact on children, abuse of workers/conditions, health and safety of workers and the public; 
  • Environment – environmental damage, abuse of animals; and
  • Political interference – Interference in democratic processes, running an ideological crusade.

Five judges

The judges were: Joce Jesson , a Senior Lecturer in Critical Studies in Education, University of Auckland, and a community activist; Paul Corliss , from Christchurch, an organiser with the Tertiary Education Union and a life member of the Rail and Maritime Transport Union; Paul Maunder , cultural worker, curator of Blackball Museum of Working Class History and a founding member of Unite!; Sam Mahon , an artist, author and activist from North Canterbury; and Wayne Hope , Associate Professor, Communications Studies, Auckland University of Technology.

Full details, including previous winners and annual Judges’ Reports, can be read online at http://canterbury.cyberplace.co.nz/community/CAFCA/publications/Roger/index.html.The winners were announced at an event in Christchurch.