The government of New Zealand has announced it won’t issue any new exploration permits for offshore oil- and gas fields to support its commitment to action on climate change.
The government of New Zealand has announced it won’t issue any new exploration permits for offshore oil- and gas fields to support its commitment to action on climate change.
Auckland’s coalition decision was met with a strong reaction, as it means the end to decades long attempts to find major new oil and gas deposits outside Taranaki basin.
The announcement was made just weeks after Shell sold it last remaining oil and gas permits and producing assets in New Zealand to an Austrian 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 31 oil 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.
Get those fitly tax evading oil business out of the way to improve life standards?