Planning for the future - no new offshore oil and gas exploration permits
26 April 2018
NZ Government:
The Coalition Government is taking an
important step to address
climate change and create a clean, green and
sustainable future for
New Zealand, Prime Minister Jacinda Ardern announced today.
“There will be no further offshore
oil and gas exploration permits
granted,” said Jacinda Ardern.
Minister Woods has announced that this year’s block offer will be
limited to onshore acreage in Taranaki alone.
“We are protecting existing exploration and
mining rights. No current jobs will be affected by this as we are
honouring all agreements with current permit holders.
“There are 31
oil and
gas exploration permits currently active, 22 are offshore. These
permits cover an area of 100,000 sq kms, nearly the size of the North
Island, and run as far out as 2030 and could go an additional 40 years
under a mining permit.
“Today we are providing certainty for industry and communities so they
can plan for the future. We are making careful and considered changes
over time and supporting communities with a managed transition.
“We will be working with the Taranaki community and businesses in
particular on this as a long term project and I will be visiting myself
later in May to underline this Government’s commitment to ensuring there
is a just transition to a clean energy future.
“Last week’s announcement of the Taranaki Action Plan was a first step
in that process.
“All three of the parties in this Government are agreed that we must
take this step as part of our package of measures to tackle climate
change. I’m grateful for the support of New Zealand First in ensuring
the transition away from fossil fuels protects jobs and helps regions
equip themselves for the future. I also thank the Green Party for their
continued advocacy for action on climate change.
“In each of the last two years only one permit has been granted for
offshore oil and gas exploration. This decision does not affect current
reserves or the potential finds from current exploration permits. As the
industry itself admits, there is good potential for more to be found.
“This is a responsible step which provides certainty for businesses and
communities that rely on fossil fuels. We’re striking the right balance
for New Zealand - we’re protecting existing industry, and protecting
future generations from climate change,” said Jacinda Ardern.
--ENDS--
Source: New Zealand Government - www.beehive.govt.nz
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