Treelords deal leads to power plant plan
Maori are looking to create a $2 billion geothermal power generation company off the back of this week's $500 million Central North Island Treelords settlement.
Consultants employed to investigate business opportunities by the eight iwi involved in the deal say Maori could be responsible for generating 10 to 20 per cent of New Zealand's electricity within five to 10 years.
See here.
Guess the Maori, unlike the Pit River Indians in California, don't have any medicine men, not to mention paleface anti-envrionmentalists, advising them the Great Spirit will be offended if there is geothermal development on sacred lands.
Couldn't have any warnings, like the Visayans in the Philippines, that geothermal development threatens their native culture with shopping malls, speed boats and half-naked blondes on their beaches.
Still there is some progress in even this backward land.
Magma Energy did an IPO (Initial Public Offering of stock, socialists) Friday for geothermal development in the U.S. That plagiarized name, Magma Energy, is haunting to this old fossil. Magma Energy was the name of geothermal pioneer B.C. McCabe's remaining geothermal ventures after The Geysers was stolen from him by Unocal. Of course the IPO had to be done in Canada. Furriners think the U.S. has huge geothermal resources. Not so much Americans.
We be putting our bets on clean coal to help mitigate the effects of such polluters as organic milk farmers.
Tough luck, West Virginians. You didn't need those mountains anyway. Get in the way of the view.
No two ways about it. 'Twas a famous victory for Obama last week.
"And everybody praised the Duke
Who this great fight did win."
"But what good came of it at last?"
Quoth little Peterkin.
"Why, that I cannot tell," said he,
"But 'twas a famous victory."
~ The Battle of Blenheim
Best, Terry