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

 


Partnership benefits investment and environment

25 August 2005

Partnership benefits investment and environment

The opening of the Future Fuels facility at New Zealand's oil refinery at Marsden Point is the result of the government and business working in partnership says Minister of Transport Pete Hodgson.

The $180 Future Fuels project involved the building of a new plant to produce diesel with sulphur levels ten times lower than those today, and petrol with benzene levels cut by two thirds. This will be a significant benefit for the environment and New Zealanders' health.

"That this investment went ahead in New Zealand, instead of importing cleaner fuels, is the result of the NZRC and this government working together," said Pete Hodgson.

NZRC worked with the government to secure exemptions from the carbon tax in return for moving to worlds best practice in emissions management. By reaching the agreement, the $180 million investment went ahead, the refinery jobs stayed in New Zealand, and emissions are being limited.

"It just goes to show what can be achieved while taking positive action to limit emissions. NZRC has become more efficient, competitive and productive as a result.

"This government is committed to working with business to drive investment. Another example of that is the business tax package announced in this year's Budget. They allow for new depreciation rates that better reflect how assets decline in value and reduce compliance costs for businesses. They apply to assets purchased on or after 1 April 2005, so business does not have to wait three years for tax benefits.

"I'd like to congratulate NZRC on the completion of this project and the leadership it has provided in the business community. The company has worked successfully with government to bring more investment to New Zealand at the same time as taking positive action on climate change."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news