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

 


Fracking fine Federated Farmers

MEDIA RELEASE
FREEPHONE 0800 327 646 I WEBSITE WWW.FEDFARM.ORG.NZ
______________________________________________________________
27 November 2012

Fracking fine Federated Farmers

The Parliamentary Commissioner for the Environment’s (PCE) hydraulic fracturing investigation could reduce unease over the technique.

“Federated Farmers has kept an eye on the PCE investigation given land-based minerals exploration can often occur on or near to farmland,” says Anders Crofoot, Federated Farmers energy spokesperson.

“From what I have seen in the PCE’s interim report, she has taken a considered look at fracking. While hydraulic fracturing has been used in New Zealand since 1989, controversy has really only ignited over the past two years, if you excuse the pun.

“From agriculture’s perspective, we are most interested in land access issues and compensation. As well as what risks the technique may pose to ground and surface water.

“The PCE found the distance between where fracking occurs and aquifers can be as much as one to two kilometres. There are shallower fracks and I guess this underscores why the PCE recommends a watching brief.

“The PCE however believes that while contamination of ground or surface water is possible, the probability “is very unlikely”.

“After reading the PCE’s report, I can say that Federated Farmers feels more comfortable with the technique.

“The PCE stresses we frack well in New Zealand but describes regulation and oversight as “labyrinthine“. Clearly, there is a role for Government to ensure regulations are fit for purpose.

“Mining and minerals are important contributors to the economy and employment. Along with agriculture and utilities, mining is one of the few areas where we outperform Australia in terms of productivity,” Mr Crofoot concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news