The announcement was made just weeks after Shell sold it last remaining oil and gas permits and producing assets in New Zealand to an Autrian oil and gas company.
Greenpeace director and former Green Party leader, Russel Norman has praised the step, saying it was a huge win for our climate and people power.
The coalition government is taking a very important step to address climate change and create a clean, green and sustainable future for New Zealand, said PM Jacinda Adern, adding the transition to a zero carbon economy must start somewhere.
“There are 31oil and gas exploration permits currently active, 22 are offshore. These permits cover an area of 100,000 square kilometers and run out as far as 2030 and go an additional 40 years under a mining permit.
RT.com / AA Magnum Elite Conservation News 2018.