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

 


Todd Energy welcomes PCE report

Tuesday 27 November 2012

MEDIA STATEMENT

Todd Energy welcomes PCE report

Todd Energy notes the Parliamentary Commissioner for the Environment’s (PCE) high level conclusion that the environmental risks associated with hydraulic fracturing can be managed effectively provided operational best practices are implemented and enforced through regulation.

Todd Energy Chief Executive Paul Moore said the company welcomes the Commissioner’s report. “We would like to assure the public that Todd’s hydraulic fracturing operations are effectively designed and executed.

“We also note that a focus of the final report will be on the adequacy of current regulatory enforcement. We understand the need for public confidence in the regulatory regime and welcome the PCE’s scrutiny in this area. In our view, the regulatory framework provided by the Taranaki Regional Council is consistent with industry leading practice.

“As a New Zealand-owned and operated company with a major, longstanding stake in our communities, we have a strong sense of social and environmental responsibility. We recognise that we rely on the goodwill of the communities in which we operate and we will continue to inform them - and New Zealanders generally - about the safety, care and high standards involved in our operations.

“The PCE’s interim report contributes to public understanding of this important issue and provides a clear and concise analysis of hydraulic fracturing in New Zealand. We look forward to receiving the final report next year,” said Mr Moore.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news