This comment from Solid Energy chair John Palmer could be used by both sides of the debate on the Mixed Ownership model for state assets:
“Palmer also indicated Spring Creek has been in trouble for some time, and if Solid Energy had been a listed company, it could not have been so patient for as long as it had in trying to reach viability.”
Opponents of the partial sale of a few companies will argue that this shows government ownership provides greater protection for a company in tough times.
Supporters of the policy will say it proves that partial ownership will add extra discipline to the governance and that it is better for decisions to be based on market conditions than politics.
I am in the latter camp.
Why should public money be put at greater risk than private funds?