New Zealand bans new offshore oil and gas exploration

15 April, 2018, 07:25 | Author: Brenda Erickson
  • An oil rig between Stratford and Midhurst in Taranaki. Ardern will announce no more offshore exploration permits and

There will be public discourse in New Zealand over whether to allow companies with existing licenses - including Statoil and OMV - to carry out extraction if oil or gas were discovered.

New Zealand prime minister Jacinda Ardern announced on Thursday a ban on all new offshore oil exploration, describing her decision as a transition towards a zero-carbon economy.

"We could be the Norway of the Pacific, but we have a government that's intent on turning us into the Nauru of the Pacific", said former energy minister Judith Collins.

Cairn India has discovered a well estimated to contain 2 trillion cubic feet of natural gas and 10 million barrels of condensate.

"(We are) taking an important step to address climate change and create a clean, green and sustainable future for New Zealand", Prime Minister Jacinda Ardern said.

"Our known gas supplies will run out in 11 years", it said.

The government said there were now 31 oil and gas exploration permits, with 22 of them offshore.

"We ask the Government to talk with the industry urgently". Most of the industry is based in and round North Island's Taranaki region.

The "punk turtle" has been put on the endangered species list
The green punk look seen on the turtle's head is actually just green algae. It is also now officially among the most endangered.

And Seymour told Leighton Smith that rather than protecting the environment, the move will actually have the opposite affect.

Oil and gas companies are now issued rights to explore "blocks" of the sea each year, covering a total of 100,000 square kilometres. But the conservative opposition National Party accused Ardern of "economic vandalism" that could put thousands of jobs at risk.

"ECO expects that moves to more renewable energy and more public transport will provide more jobs for New Zealanders than oil and gas exploration and mining which is capital intensive and provides comparatively few jobs compared to a low carbon future".

"We must take this step as part of our package of measures to tackle climate change", she added.

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

These include deepwater prospects off the coast of Canterbury and Otago, including the Great South Basin, where exploration has occurred off and on since the 1960s in search for a massive oil and gas field that geological information suggests is probably there, but has never been found. "These changes will simply shift production elsewhere in the world, not reduce emissions", Mr Young said.

"Proper etiquette in these circumstance aren't things I've been well trained in in the past so I've got a bit of a cheat sheet but I'm assured if you get these thing wrong they're very forgiving", she said.



USA to spend $16 million more on Venezuelan refugees, Pence announces
Vice President Mike Pence announced Friday that the USA will spend an additional $16 million for Venezuelan refugees. The U.S. president has been pushing a tougher line on immigration and seeking stronger protections along the U.S.

Ambedkar statue vandalised in Greater Noida
Rupani said the government was always committed to protect the rights, given in the Constitution, of any community. It also referenced how Prime Minister Shri Narendra Modi had been inspired by the life and message of Dr Ambedkar.

Stay panchayat poll process in West Bengal until April 16: Calcutta HC
Reacting to the order, lawyer and TMC MP Kalyan Banerjee said, "The election process is on hold till April 16". Senior BJP leader Mukul Roy said the order is the "victory for the masses of Bengal".

VERIFY: What's the most secure way to file your taxes?
He said, "We believe selling pressures have been amplified by capital gains tax-related selling this year". Procrastinators rejoice, tax day will be just a little later than usual this year.

Yankees show little fight until ninth, lose to Red Sox
Red Sox first baseman Hanley Ramirez has left their game against the New York Yankees after he was hit by a pitch on his left arm. Boston placed LHP Bobby Poyner (strained hamstring) on the 10-day disabled list and recalled Walden from Triple-A Pawtucket.

Steve Scalise reiterates he won't challenge Kevin McCarthy for House speaker
McCarthy backed out of a leadership race three years ago amid similar divisions. "I'm not saying every single person in Congress". Jim Jordan , R-Ohio, said Friday he's "open to running" for the top job. "He did the opposite.

Sidney Crosby hat trick highlights Penguins win vs. Flyers
The problem is, when a fourth line is creating the best scoring opportunities, you're typically doing very little offensively. As coaches, sometimes you take it for granted because we've seen it a number of times over the course of a few seasons.

Jammu citizens demand hanging of Aasifa's tormentors
Watch News Nation's special show Nation Reporter to know more details regarding the same. Her body was found dumped in a forest near Rasana village seven days later. Founders Charged With Facilitating Prostitution And Laundering Money
State prosecutors changed tack previous year , filing almost 40 new money laundering charges against Ferrer, Larkin and Lacey. Ferrer also agreed to cooperate in the ongoing California prosecution against the founders who have not pleaded guilty.

Missile strikes on Syria: Trump declares 'Mission Accomplished'; UN meets
Russia's military said Syrian air defense units downed 71 out of 103 cruise missiles launched by the US and its allies. She urged Russian Federation and Iran to help prevent any further use of chemical weapons by Assad's regime.