𝐔𝐍𝐂 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐓𝐚𝐤𝐞𝐬 𝐍𝐞𝐚𝐫𝐥𝐲 $𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐀𝐧𝐨𝐭𝐡𝐞𝐫 𝐎𝐧𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐄𝐧𝐞𝐫𝐠𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 – 𝐓𝐓𝐍𝐆𝐋
Former Energy Minister Stuart Young is warning that the UNC Government has taken close to $2 billion in retained earnings from TTNGL.
To be clear, 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫𝐬 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐦𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐏𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭 𝐲𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲:
• NGC – where Minister Moonilal said $670M TTD was taken
• PPGPL – where he said US$50M 𝐰𝐚𝐬 𝐭𝐚𝐤𝐞𝐧 𝐬𝐨 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐰𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐬𝐩𝐞𝐧𝐝 𝐢𝐭 𝐩𝐨𝐨𝐫𝐥𝐲.
Now TTNGL, a company owned by NGC and publicly traded, has reportedly had nearly $𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐫𝐞𝐦𝐨𝐯𝐞𝐝 𝐟𝐫𝐨𝐦 𝐫𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐞𝐚𝐫𝐧𝐢𝐧𝐠𝐬.
Yes, some dividends will be paid to individual shareholders, but the lion’s share goes to the UNC government
Very little remains with the company as retained earnings to fund its future investment and growth.
The obvious question to this UNC government is: 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐧𝐞𝐲?
And for the UNC trolls: if this is not true, your UNC Government will say so.
In the meantime, can the UNC Government explain exactly what they are doing with this additional $2 billion taken from TTNGL?
