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PM defends $30m payout to Rio Tinto
Energy

PM defends $30m payout to Rio Tinto

Prime Minister John Key has defended his Government's $30 million payout to the owners of the Tiwai Point aluminium smelter after the Greens and Labour said parent company Rio Tinto's US$3.7 billion profit showed the payment was unjustified.

Anadarko faces $16.9b bill
Energy

Anadarko faces $16.9b bill

Texan oil giant Anadarko's environmental credentials and the future of its New Zealand offshore exploration programme are being questioned as the company faces a US toxic site cleanup and compensation claim which could reach US$14 billion ($16.9 billion).