If it fails we end up with a company with a high chance of paying great future dividends. With margins on the rise and closure of the refinery I can see why they're trying to buy it...The average age of nz's vehical fleet is in the 10 - 15 year range, so even if we imported all electric right now it would take years to change the fleet out.
Electric car impact is years and years away and then there the larger vehicles for which there is no viable green solution.