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


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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Science Awards: NZAS Celebrate NZ Scientific Achievements

The Marsden Medal is awarded for a lifetime of outstanding service to the cause or profession of science, in recognition of service rendered to the cause or profession of science in the widest connotation of the phrase. This year’s medal is awarded to Dr Mike Andrews. More>>


Court Rules: Affco 'Unlawfully' Locked Out Meat Workers

The note says the full court found for the plaintiffs, "that is that the defendant locked out the second plaintiffs unlawfully and that it breached s 32 of the Act by acting otherwise than in good faith towards the plaintiffs while collective bargaining was still going on." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news