Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Tax breaks should be extended to oil exploration

Thursday, 23 September, 2004

Copeland: Tax breaks should be extended to oil exploration

Government tax breaks for gas exploration announced this morning should be extended to oil exploration, United Future energy and revenue spokesman, Gordon Copeland, says.

"When it comes to exploration, nothing much separates oil and gas anyway. Normally if you discover gas, you discover oil and vice versa.

"The Government has placed emphasis on gas with electricity generation in mind as the Maui field comes to an end.

"However, self-sufficiency in oil should also be a strategic objective for New Zealand and is arguably more important than gas.

"We are at the end of the world's oil supply chain and exposed to disruption in a world which becomes riskier by the day because of terrorist activity. The price of oil is on the way up and this will likely be its long-term trend.

"Australia, recognising these realities, has put in place incentives to encourage oil exploration even though that nation is already 70% self-sufficient," Mr Copeland said.

"New Zealand's self-sufficiency by contrast is just 20% so we should do all possible to increase incentives for oil exploration.

"Longer term, our goal should be nothing less than complete self-sufficiency."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need.

And I’m hedging with the ‘could well’ only because the Ardern government hasn’t yet spelled out whether the name change it has announced will also involve a rejection of the controversial use of Big Data to try and predict those children deemed to be at highest risk of inter-generational reliance on welfare support. More>>


Principals' Federation: End Of National Standards

Today the Minister of Education announced that the Government has stopped the controversial National Standards system of assessment and declared them an arbitrary measure which did not raise children's achievement as the previous Government intended. More>>


Public Good: People’s Report On Public Broadcasting And Media Presented

The People’s Commission on Public Broadcasting and Media, was crowdfunded and was informed by an extensive consultation, seeking the views of both those working in Media as well as gathering input both online and in person from ordinary Citizens. More>>


RBNZ To RNZB: PM's Press Conference

Prime Minister Jacinda Adern was joined by Minister of Finance Grant Robertson and Minister for Children Tracey Martin to announce the appointment of Adrian Orr as the new Governor of the Reserve Bank and the name change of the Ministry for Vulnerable Children to ‘Oranga Tamariki - Ministry for Children’. More>>


'Taming Globalised Capital': Why Is Labour Supporting Investment Rules In WTO?

‘Today, we learned the new government has added New Zealand’s name to a proposal designed to lead to foreign investment rules in the WTO at this week’s ministerial meeting in Argentina,’ said Auckland University Professor Jane Kelsey. More>>


Gordon Campbell: On The Politics Of Scaring Voters Back Into Line

Fear has always been a useful mobilising tool in politics… yet in 2017, bogeymen of all shapes and sizes seem to have fallen on hard times. For years, the National party had painted itself as being the only reliable defensive bastion against the terrifying prospect of a centre-left government… More>>


Gordon Campbell: On Drinking Water As A Failure Of Political Leadership

It is almost possible to feel sorry for the Health Ministry in their terrible, no good, very bad week... More>>





Featured InfoPages