Resource strategy could hinder delivery of energy to NZers

Published: Thu 7 Nov 2019 10:43 AM
The new Minerals and Petroleum Resource Strategy heightens the risk to affordable and reliable energy by failing to recognise the valuable contribution of New Zealand’s entire range of energy resources, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ).
"We support the Government’s goals of lowering emissions and growing the economy to benefit all New Zealanders," says PEPANZ spokesman Phil Rennie.
"However Boards need clear and consistent signals to make long term investment decisions, but unfortunately this document does not do that.
"We do not see how the confused signals, objectives and principles contained in the strategy can be operationalised in practical and meaningful ways.
"As demonstrated globally, lowering emissions and using the full suite of energy resources are compatible objectives.
"Even locally, as confirmed by the Interim Climate Change Committee, natural gas can be a major part of a just transition by replacing higher emitting energy sources and encouraging electrification by keeping the cost of electricity down and the lights on.
"Unlocking everyone’s innovative capability to lower emissions rather than picking different fuel or technology types as winners or losers should be the goal of a progressive resources framework.
"We welcome the signal to make ‘policy decisions based on the best evidence’ and ‘in a way that is fair, transparent, reasonable and proportionate’."
"New Zealand needs evidence-driven policies to encourage investment and job opportunities. We look forward to seeing this in the forthcoming Crown Minerals Act changes."

Next in New Zealand politics

Gordon Campbell on the farming sector’s persecution complex
By: Gordon Campbell
Independent review of prisoner mail management released
By: Department Of Corrections
IPCA releases reports on the unlawful detention of teenager
By: Independent Police Conduct Authority
New safety measures for modified pistols
By: New Zealand Government
Government fixes culturally arranged marriage visa issue
By: New Zealand Government
Budget investigation shut down and new inquirer appointed
By: State Services Commission
Mysterious foundation loaning New Zealand First money
Criminal Cases Review Commission established
By: New Zealand Government
National backs farmers marching against Govt policies
By: New Zealand National Party
Ag Proud NZ encourage positive not provocative actions
By: Ag Proud
March on Parliament deliberately created confusion
By: NZ Forest Owners' Association
Who will pick up Essential Freshwater’s $80b price tag?
By: DairyNZ
DairyNZ claim of economic ruin "misleading"
By: Fish and Game New Zealand
New Zealand Roundtable for Sustainable Beef launched
By: Beef And Lamb NZ
Personality important in farmer anxiety
By: Lincoln University
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media