INDEPENDENT NEWS

Biofuel Obligation Law Repealed

Published: Wed 17 Dec 2008 04:58 PM
Hon Gerry Brownlee
Minister of Energy and Resources
17 December 2008
Media Statement
Biofuel Obligation Law Repealed
Energy and Resources Minister, Gerry Brownlee, has welcomed the passing of the biofuel law, describing it as a pragmatic environmental step.
The law removes the obligation on oil companies to sell a small percentage of their fuel blended with biofuels.
“To meet the biofuels obligation of the old law oil companies were required to blend 10 million litres of biofuel into petrol and diesel sold in New Zealand this year.”
“This would mean much of the biofuel would had been imported before environmental sustainability standards had been put in place,” said Mr Brownlee.
“There seemed no point making oil companies sell biofuel when even the Parliament Commissioner for the Environment questioned its sustainability and when it was also going to increase the price of fuel”, said Mr Brownlee.
“There has been a lot of mock outrage from the opposition over this repeal, but the reality was the previous government’s law was no more than an exercise in greenwash and could have created more damage than good, he said.
The government wants to promote biofuels and a biofuel industry by applying consistent tax incentives.
“We are looking at sustainable biofuels being exempted excise and road user charges in proportion to the blend. A 10 percent blend would get a 10 percent exemption,” said Mr Brownlee.
ENDS

Next in New Zealand politics

Minister announces new plan for Metro Sports Facility
By: New Zealand Government
Government delivers big boost for students
By: New Zealand Government
The Nation: Patrick Gower interviews Jacinda Ardern
By: The Nation
Not too late to do the right thing for parents
By: New Zealand National Party
Minister misrepresenting official information
By: New Zealand National Party
Mayor welcomes new plan for Metro Sports Facility
By: Christchurch City Council
Metro Sports Centre, Christchurch
By: ChristchurchNZ
Robertson must front up on costings
By: New Zealand National Party
Students welcome boost to financial support
By: NZUSA
Labour's New Student Allowance Destined for Failure
By: Aotearoa Students' Alliance
Q+A: Prime Minister Jacinda Ardern interviewed by Corin Dann
By: TVNZ
The Nation: Lisa Owen interviews Grant Bayldon
By: The Nation
Cassidy Morris Interviews Jacinda Ardern
By: Bravo New Zealand
The Veiled Threat: Aust’s Campaign Against NZ Refugee Policy
By: Binoy Kampmark
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media