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


Partnership benefits investment and environment

Partnership benefits investment and environment

The new Future Fuels facility at Marsden Point will be a significant benefit for NZ's environment and health


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 million 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 New Zealand Refining Company (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."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election