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

 

TPP: A Global Fair Deal On Copyright - OurFairDeal.org

Alastair Thompson: The orginal "A Fair Deal" campaign brought together Internet NZ with a bunch of other groups including the Royal New Zealand Foundation for the Blind, the Creative Freedom Foundation , NZ Rise , Trademe and Kiwiblog's David Farrar. OurFairDeal.org takes the NZ based campaigns a giant leap forward bringing together 84 lobby groups from across the Asia Pacific in 6 countries into a global alliance. More>>

ALSO:

Business.Scoop: NZOG's Griffiths Backs Director Liability On Health, Safety

New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. More>>

ALSO:

Working On It: Update On Meat Shipments

Primary Industries Minister Nathan Guy has provided an update on progress being made in resolving the delays in clearance for some meat exports to China... “New Zealand is a trading nation and from time to time these kind of technical delays will occur. This is a temporary issue, but we’re confident it can be resolved,” says Mr Guy. More>>

ALSO:

Scoop Business: NZ’s Services Sector Expands At Fastest Clip In 5 Mths

New Zealand’s services sector, which accounts for about 70 percent of economic activity, expanded at the fastest pace since October last month, led by activity/sales. More>>

ALSO:

Scoop Business: MRP Senior Managers In Line For $1.2M In Bonus Shares

Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company’s first disclosures to the NZX and ASX as a listed company show. More>>

ALSO:

Scoop Business: NZ Houses Overvalued By 25%, IMF Says

New Zealand housing is already overvalued by about 25 percent and if it continues to rise may force the Reserve Bank to hike interest rates, according to the International Monetary Fund. More>>

ALSO:

Odometer Moments: CO2 Hits 400ppm

As the amount of heat-trapping carbon dioxide in the atmosphere hit the symbolic milestone of 400 parts per million (ppm), youth climate change organisation Generation Zero says it is time for New Zealand to rise to the challenge of building a zero carbon future. More>>

Trust Planned: Shared Vision For Mackenzie Basin Welcomed

Conservation Minister Dr Nick Smith and Environment Minister Amy Adams today welcomed a report proposing a way to manage the contentious land intensification, water, landscape, and biodiversity issues in the Mackenzie Basin. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news