Taranaki community “let down” by oil exploration ban

https://www.radionz.co.nz/news/national/354873/taranaki-community-let-down-by-oil-exploration-ban

Energy and Resources Minister Megan Woods announced the move this morning.

According to the most recent study the oil and gas industry directly employs about 4300 people in Taranaki and is linked to the creation of about 7000 jobs.

In 2015 it generated $1.5 billion dollars of GDP in the region.

Taranaki Chamber of Commerce chief executive Arun Chandhari said the government’s announcement put that at risk.

It was clear from the community’s reaction that the decision was “quite demoralising”.

“It’s an indication that this government does not want to see further new exploration and the community feels let down.

“It’s going to move the hydrocarbon industry away. In the short term there might still be a little bit of investment but medium and long-term I think it’s going to be very hard for the oil bosses or the hydrocarbon industry bosses to convince their bosses to invest in this country.”

http://www.abc.net.au/news/2018-04-12/new-zealand-no-longer-issuing-oil-and-gas-exploration-permits/9645092

Permits for offshore oil and gas exploration will no longer be issued by the New Zealand Government as part of its commitment to a clean energy future.

The move will not affect existing permits for exploration or extraction, meaning the industry is likely to continue in the nation for several more decades.

The decision under Labour Prime Minister Jacinda Ardern is a change in direction after nine years of conservative leadership which favoured expanding the industry.

Ms Ardern, who was elected Prime Minister last year, has pledged to reduce the country’s net greenhouse gas emissions to zero by 2050.

Her Government also plans to plant 100 million trees each year and ensure the electricity grid runs entirely from renewable energy.

The oil and gas industry is relatively small in New Zealand, employing about 11,000 people and accounting for about 1 per cent of the overall economy.

It is dwarfed in importance by farming and tourism.

But the industry is important to the Taranaki region, where most of the activity is centred.

New Plymouth Mayor Neil Holdom told Radio New Zealand the move was a “kick in the guts for the future of the Taranaki economy”.

But Ms Ardern said no-one would be losing their job as a result of the move.

“We’re striking the right balance for New Zealand,” Ms Ardern said.

———–

interesting..the indigenous are actually angry at losing a chance for royalties and jobs..

“According to the most recent study the oil and gas industry directly employs about 4300 people in Taranaki and is linked to the creation of about 7000 jobs.”

because of this:

“Permits for offshore oil and gas exploration will no longer be issued by the New Zealand Government as part of its commitment to a clean energy future.”

which is because of this:

co2..

401

~ by seeker401 on April 27, 2018.

One Response to “Taranaki community “let down” by oil exploration ban”

  1. https://canadafreepress.com/article/obamas-involvement-in-chicago-climate-exchange-the-rest-of-the-story

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