Solid Energy, The Damage Continues...
The Government's early encouragement of Solid Energy's mad lignite schemes and poor oversight of their financial management has caused an almost $400 million debt and the loss of hundreds of jobs. While National Ministers publicly blame the company, they are holding no one responsible ( the "perfect storm" ) and ex CEO Don Elder has become New Zealand's most highly paid gardener. Bill English enthusiastically helping Don Elder dig a huge financial hole The suffering of families who built their lives around Solid Energy's fossil fuel empire will continue for some time as they search for new jobs and possibly head for Australia, where coal mining is also struggling . In Southland, where the company poured millions of dollars to promote the lignite industry, we have been left with the memories of great promises and a dodgy $29 million lignite briquetting plant. While it is claimed that the plant is a going concern and has potential , locals have wi