INDEPENDENT NEWS

Oil and gas legislation creates major uncertainty

Published: Wed 7 Nov 2018 07:19 PM
Workers and communities have once again been ignored with the Government rushing through a law change tonight ending new offshore oil and gas exploration permits, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ).
"The people most affected by this decision haven’t been listened to and now face real uncertainty," says PEPANZ CEO Cameron Madgwick.
"The Government’s own advisors say this decision will cost the Crown billions of dollars and will more than likely increase emissions, but it’s the human cost that is most striking.
"Thousands of New Zealanders work in the industry and nearly 400,000 homes and businesses rely on natural gas and LPG which now has a very uncertain future.
"Experts warned this move will increase the cost of electricity to New Zealanders but this has been ignored. This is not good news for households struggling with the rising cost of living.
"We need natural gas as a transition fuel towards a lower carbon economy. Turning off the tap when we have nothing concrete to replace it with is dangerous and irresponsible.
"Thousands of people have raised their concerns through our ‘Energy Voices’ campaign and we will now be talking to them about the way forward from here."
ENDS

Next in New Zealand politics

Gordon Campbell on why shipping is NZ’s new trade problem
By: Gordon Campbell
National announces spokesperson for Drug Reform
By: New Zealand National Party
KiwiBuild head Stephen Barclay officially resigns
By: RNZ
Steep rise in hardship numbers showcases income inadequacy
By: Auckland Action Against Poverty
Gordon Campbell on MBIE’s social media scam
By: Gordon Campbell
New campaign for a 21th century trade agenda
By: Professor Jane Kelsey
Gordon Campbell: Thompson + Clark are the tip of the iceberg
By: Gordon Campbell
NZ UK trade relations advanced in Prime Ministers meeting
By: New Zealand Government
Gordon Campbell on the Brexit Vote Aftermath
By: Gordon Campbell
Brexit: What does that mean for NZ trade?
By: RNZ
No-Confidence Survivor: Theresa May and Brexit
By: Binoy Kampmark
Coordinated approach to drug reform needed
By: New Zealand National Party
Green Party welcomes open, public debate on Drug Reform
By: Green Party
Twyford: It's going to be tough to meet Kiwibuild target
By: RNZ
KiwiBuild a 'massive political distraction'
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media