The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy. 

The Crown's directing $200 million towards new shares to retain a 51% shareholding in the company, following a $400 million capital raise.  

Nicola Willis told Mike Hosking if we don't take part in this raise, we'd be breaching the law requiring the state to maintain majority ownership – something the coalition's committed to.  

She says we don't want to be a barrier to these energy companies growing in the way New Zealanders need to secure electricity supply. 

LISTEN ABOVE 

The Finance Minister says there's no mandate to reduce the state's shareholding in Genesis Energy.&nbsp;
The Crown's directing $200 million towards new shares to retain a 51% shareholding in the company, following a $400 million capital raise. &nbsp;
Nicola Willis told Mike Hosking if we don't take part in this raise, we'd be breaching the law requiring the state to maintain majority ownership – something the coalition's committed to. &nbsp;
She says we don't want to be a barrier to these energy companies growing in the way New Zealanders need to secure electricity supply.&nbsp;
LISTEN ABOVE&nbsp;

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The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Nicola Willis: Finance Minister on the Government buying $200 million in new Genesis shares

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d5140a58-282e-4f1d-9b09-b3fa013f0b88/transcript

Though he was never seen, Andy Wilman was an inextricable part of the success of Top Gear. 

He’s the co-creator and executive producer of the show, which has been seen by over 350 million people around the world.  

And when Top Gear came to a close, he was in charge of The Grand Tour, the show that picked up right where its predecessor left off, and now Wilman is running Amazon’s record-breaking show Clarkson’s Farm.  

More than two decades later, he’s written a book about how it all came to be, looking behind the scenes in ‘Mr Wilman’s Motoring Adventure’. 

While it may have started out as an ordinary TV show, Top Gear quickly became a phenomenon, and Wilman told Mike Hosking there were dozens of tiny moments that made them realise it. 

“Richard [Hammond’s] crash, obviously, we were, I think we were already big by then, but Richard’s crash stunned us at how we were part of the nation’s TV watching fabric.” 

“I think the, the things, the elements that were inevitable were because we were making things up as we went along, because we had no plan,” he explained. 

“So you surprise yourself ... those moments in turn generate new material, which keeps you fresh.”  

But as the viewership grew, so did the pressure, and the combination of a smaller crew size, ideological differences within the BBC, and the team getting “too big for their boots” started to cause problems. 

“Those three elements were the perfect storm that led to our demise.” 

A little further down the line is Clarkson’s Farm, which despite being a smaller production, Wilman says is more rewarding. 

“[It’s] a far more challenging and rewarding show to make, simply because they shoot all the time.” 

Since Clarkson is at work from the moment he steps out his front door, the filming has to cover everything. 

“We just shoot and shoot and shoot and then we’ll see what sticks to the wall.” 

And a large part of the show’s appeal is its supporting cast, which Wilman says was like catching lightning in a bottle for the second time.  

“A bit like Jeremy, Richard, and James – you couldn’t plan that.” 

“Magic happened.” 

LISTEN ABOVE 

Though he was never seen, Andy Wilman was an inextricable part of the success of Top Gear.&nbsp;
He’s the co-creator and executive producer of the show, which has been seen by over 350 million people around the world. &nbsp;
And when Top Gear came to a close, he was in charge of The Grand Tour, the show that picked up right where its predecessor left off, and now Wilman is running Amazon’s record-breaking show Clarkson’s Farm. &nbsp;
More than two decades later, he’s written a book about how it all came to be, looking behind the scenes in ‘Mr Wilman’s Motoring Adventure’.&nbsp;
While it may have started out as an ordinary TV show, Top Gear quickly became a phenomenon, and Wilman told Mike Hosking there were dozens of tiny moments that made them realise it.&nbsp;
“Richard [Hammond’s] crash, obviously, we were, I think we were already big by then, but Richard’s crash stunned us at how we were part of the nation’s TV watching fabric.”&nbsp;
“I think the, the things, the elements that were inevitable were because we were making things up as we went along, because we had no plan,” he explained.&nbsp;
“So you surprise yourself ... those moments in turn generate new material, which keeps you fresh.” &nbsp;
But as the viewership grew, so did the pressure, and the combination of a smaller crew size, ideological differences within the BBC, and the team getting “too big for their boots” started to cause problems.&nbsp;
“Those three elements were the perfect storm that led to our demise.”&nbsp;
A little further down the line is Clarkson’s Farm, which despite being a smaller production, Wilman says is more rewarding.&nbsp;
“[It’s] a far more challenging and rewarding show to make, simply because they shoot all the time.”&nbsp;
Since Clarkson is at work from the moment he steps out his front door, the filming has to cover everything.&nbsp;
“We just shoot and shoot and shoot and then we’ll see what sticks to the wall.”&nbsp;
And a large part of the show’s appeal is its supporting cast, which Wilman says was like catching lightning in a bottle for the second time. &nbsp;
“A bit like Jeremy, Richard, and James – you couldn’t plan that.”&nbsp;
“Magic happened.”&nbsp;
LISTEN ABOVE&nbsp;

Andy Wilman: Co-creator and EP of Top Gear, The Grand Tour, and Clarkson's Farm

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3c114968-190e-445c-a35e-b3fa01590fa5/transcript

On the Mike Hosking Breakfast Full Show Podcast for Tuesday 24th of February, Finance Minister Nicola Willis explains why the Government has bought $200 million in Genesis shares.  

The EU Ambassador to NZ Lawrence Meredith speaks on the 4th anniversary of the Ukraine war and what it will take for it to end. 

Andy Wilman, the creator of Top Gear, Grand Tour, and Clarkson's Farm, joined to discuss the decades he’s spent behind the scenes and what it’s like to be the right hand man of his best friend, Jeremy Clarkson.  

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Mike Hosking Breakfast Full Show Podcast for Tuesday 24th of February, <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/nicola-willis-finance-minister-on-the-government-buying-200-million-in-new-genesis-shares/">Finance Minister Nicola Willis</a> explains why the Government has bought $200 million in Genesis shares. &nbsp;
The <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/lawrence-meredith-eu-ambassador-to-new-zealand-on-the-fourth-anniversary-of-russias-invasion-of-ukraine/">EU Ambassador to NZ Lawrence Meredith</a> speaks on the 4th anniversary of the Ukraine war and what it will take for it to end.&nbsp;
Andy Wilman, the creator of Top Gear, Grand Tour, and Clarkson's Farm, joined to discuss the decades he’s spent behind the scenes and what it’s like to be the right hand man of his best friend, Jeremy Clarkson. &nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE&nbsp;

Full Show Podcast: 24 February 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e1111c01-39b7-43c7-9c2d-b3fa014c8e46/transcript

There’s some concern about our air traffic controllers being poached.  

Airways New Zealand has raised the issue during an address before a Parliamentary Select Committee, warning that there’s a global shortage of controllers. 

General Manager of Commercial James Evans told Mike Hosking that New Zealand is currently positioned very well to cope with tight numbers. 

But, he says, there’s definitely a problem globally, and they are having overseas Air Navigation Service Providers approach New Zealand controllers.  

LISTEN ABOVE 

There’s some concern about our air traffic controllers being poached. &nbsp;
Airways New Zealand has raised the issue during an address before a Parliamentary Select Committee, warning that there’s a global shortage of controllers.&nbsp;
General Manager of Commercial James Evans told Mike Hosking that New Zealand is currently positioned very well to cope with tight numbers.&nbsp;
But, he says, there’s definitely a problem globally, and they are having overseas Air Navigation Service Providers approach New Zealand controllers. &nbsp;
LISTEN ABOVE&nbsp;

James Evans: Airways New Zealand GM of Commercial Manager

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/638c139b-fd51-4322-bd61-b3fa014d78f4/transcript

Nicola Willis: Finance Minister on the Government buying $200 million in new Genesis shares

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