Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ Faces Fuel Supply Issue – With or Without Aqua

NZ Faces Fuel Supply Issue – With or Without Project Aqua

New Zealand faces a fuel supply issue, and Project Aqua, if it had gone ahead, wasn’t necessarily going to prevent an energy crisis, says John Gardiner, Deputy Chief Executive of the Institution of Professional Engineers New Zealand (IPENZ).

“What we face is a fuel supply issue – we don’t lack fuels in New Zealand, what we lack is the ability to access them. Water for hydro, coal, wind, geothermal and other sources of fuel are bound by regulatory frameworks which are slow, expensive and cumbersome. More Gas is undoubtedly out there, but it is pure chance for it to be discovered and developed in time.

“While New Zealand needs to balance the conflicting demands on our resources, surely what we need is a quicker more efficient framework, and strong leadership to take New Zealand through the next 10 years,” said Mr Gardiner.

“One immediate short-term and medium solution is for the government to back a major push to get more energy savings. This is at least one area where the Government has a tool box, The National Energy Efficiency and Conservation Strategy, driven by EECA,” he said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news