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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news