End of oil exploration permits historic for Māori , but battle not over

End of oil exploration permits historic for Māori , but battle not over

End of oil exploration permits historic for Māori , but battle not over

"I have seen that happen once in the 1980s and I don't want to see that again".

Signaling its commitment to a clean energy future, New Zealand's government announced Thursday it won't issue any more permits for offshore oil and gas exploration. "The Petroleum Exploration and Production Association of New Zealand, lobby group, PEPANZ, and its member oil and gas companies, has feigned surprise but they can not have been surprised, given the various parties' pre-election commitments".

"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 am proud of this Government for facing up to the inevitable and for planning for it".

"We are protecting existing exploration and mining rights".

Mr Jeffries says if new gas supplies are unavailable then coal will continue to be used domestically for purposes such as dairy plants.

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"This is truly, in the Prime Minister's words, the "nuclear-free moment of our generation", he said.

The move by New Zealand comes two weeks after the Netherlands announced plans to rapidly cut production at-and eventually close-Europe's biggest gas field as it too seeks to its slash fossil fuel use.

"This is another step on our transition away from fossil fuels and away form a carbon neutral economy", Ms Ardern said, while acknowledging this announcement alone would not be enough to combat climate change. "Their lobbying and pressure will make the transition more abrupt and painful than if we had acted sooner". "I don't think that's really the way the world's going", he told TV3.

The oil and gas industry in New Zealand generates about NZ$2.5 billion a year ($1.8 billion), including NZ$1.5 billion in exports, and employs about 11,000 people.

The move does not apply to onshore exploration permits. That means extraction could potentially continue to almost 2050. That has a lot more emissions. "But the reality is we are one of three parties and. we were very firm that there were existing jobs, existing investments, existing firms both domestic and global and today we've delivered to them the confidence the rights that they now have. are not going to be molested".

"Globally, the writing is on the wall for the oil industry". "No one is going to wake up tomorrow and discover they don't have a job in that particular sector".

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"There must be a just transition to a low carbon economy".

"You watch there will be a retrenchment in that industry and as some media have already reported this is the long-term death of Taranaki, it's unacceptable when the opportunity is there for NZ to participate", says Todd Muller, opposition for climate change.

That has not appeased locals in the region.

New Plymouth mayor Neil Holdom said the decision was "a kick in the guts" for the Taranaki region. "As the industry itself admits, there is good potential for more to be found".

In a bid to calm fears about the major shift in policy, Ardern will travel to Taranaki with Energy and Resources Minister Megan Woods immediately after returning from Europe next week.

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