Energy review recommendations

Energy review recommendations welcomed by natural resource industry

Straterra, which represents New Zealand’s natural resources industries, supports the Ministerial Electricity Market Review recommendations that relate to climate change, changes to the Resource Management Act, and gas and geothermal exploration.

Straterra Chief Executive Richard Michael said the relevant recommendations would free up natural resources and smooth Resource Management Act processes.

“These recommendations will all be required if New Zealand is to maximise the economic benefit of its natural resources sector.

“The fact that the proposed changes have also been identified in the review as being crucial to boost energy sector efficiency shows that the changes Straterra has been calling for are fundamental to our country’s future economic performance.”

Mr Michael said the review recommendations would increase long-term security for investors, reduce barriers to new power generation and ensure policy development made the most of existing resources.

“New Zealand is rich in natural resources and currently there is huge and largely untapped economical potential.”

About Straterra
Straterra, which was launched in September 2008, aims to provide a united voice for companies working in the oil, gas, aggregates, minerals, metals and coal industries. The sector has annual revenues exceeding four billion dollars and exports of around two billion dollars. Independent studies demonstrate the potential to double these revenues and provide much needed employment in the New Zealand economy.

ENDS

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