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


Oil announcement benefits foreign owned companies

Oil announcement benefits Norwegian pensioners and foreign-owned companies

The Government is further putting our New Zealand beaches at risk of an oil spill by today awarding four new permits to mainly foreign-owned companies for deep sea oil exploration, the Green Party said today.

Block Offer 2013 petroleum exploration permits were awarded by the Government today. Three of the four petroleum permits for exploration in deep water were awarded to foreign-owned companies including one permit awarded to Statoil. Statoil is 67 percent owned by the Norwegian Government and whose profits form a pension fund.

“The Government is risking our environment and our economy to pay for Norwegians’ pensions,” said Green Party energy spokesperson Gareth Hughes.

“We have the fourth lowest royalty plus tax rate in the world, which means the big winners from this Block Offer will be foreign companies and Norwegian pensioners who will get the majority of the profits from Statoil.

“Today’s announcement doesn’t even make sense financially not to mention the significant risk to the environment and the climate.

“Another permit was granted today in the Deepwater Taranaki Basin where oil spill modelling done by Texan oil giant Anadarko shows a 50 percent chance of oil wash ashore if a well blow-out were to occur.

“New Zealanders know that deep sea drilling is not worth the risk.

“With deep sea drilling the Government is pursuing a failed economic agenda that runs totally counter to our real economic advantages and opportunities.

“Rather than climate polluting fossil fuels, we can be investing in clean energy which would create four times as many jobs.

“It’s incredibly short-sighted to allow foreign-owned companies to do risky drilling in an attempt to discover and produce even more fossil fuels.

“Scientists tell us that we can only burn 20 percent of the fossil fuels that companies have already discovered if we want to keep climate change to a safe two degree increase.

“New Zealand stands to lose a lot if the world cannot limit climate change to two degrees warming. Our agricultural nation depends on a stable climate. Our farmers will suffer increased droughts and damaging storms and profits will suffer.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Anzac Issue Out Now: Werewolf 47

Alison McCulloch: Lest We Remember

Local iwi have plans to spruce up the Te Ranga site as part of the 150th commemorations this year of key battles in the “New Zealand Wars”, but not a lot of money to do it with.

Information gathered from numerous government agencies shows that while more than $25 million is being spent on monuments and commemorations relating to foreign wars, primarily World War I and its centenary, only around $250,000 has been set aside for those fought on our own soil. More>>

Anne Russell: Anzac Day - Identity Politics, With Guns

Even cursory research into media reports from the past forty years reveals a cultural shift in the commemoration of Anzac Day. Among other things, turnout at Dawn services has increased significantly in recent decades.

Contemporary numbers are estimated at 3,000-4,000 in Wellington, and 10,000-15,000 in Auckland. Newspaper reports from the 1970s and 80s estimated Wellington turnouts at 300-800, and Auckland at anywhere from 600 to 4,000. More>>


Parliament Today:

Spookwatch: New Inspector-General Of Intelligence And Security Appointed

Prime Minister John Key hasannounced the appointment of Cheryl Gwyn as Inspector-General of Intelligence and Security. The appointment was made by the Administrator of the Government on behalf of the Governor General and is for a term of three years. More>>

Crowdsourcing: Green Party Launches Internet Rights And Freedoms Bill

The Green Party has today launched the Internet Rights and Freedoms Bill, New Zealand’s first ever Bill crowdsourced by a political party. More>>


Gordon Campbell: On The Shane Jones Departure

Shane Jones has left Parliament in the manner to which we have become accustomed, with self interest coming in first and second, and with the interests of the Labour Party (under whose banner he served) way, way back down the track. More>>


Multimedia: PM Post-Cabinet Press Conference - April 22 2014

The Prime Minister met with reporters to discuss: • The recent improvement in the economy with a growing job market • Income and wealth inequality • Easter trading laws • The New Zealander killed in a drone strike in Yemen... More>>


Easter Trading: Workers 'Can Kiss Goodbye To Easter Sunday Off'

The Government’s decision to “reprioritise” scarce labour inspector resources by abandoning the enforcement of Easter Sunday Shop Trading laws means workers can kiss goodbye to a guaranteed day off, says Labour’s Associate Labour Issues spokesperson Darien Fenton. More>>


ACT Don't Go For Maximum Penalty: Three Strikes For Burglary, Three Years Jail

Three strikes for burglary was introduced to England and Wales in 1999. As in New Zealand, burglary was out of control and given a low priority by the police and the courts. A Labour government passed a three strikes law whereby a third conviction for burglaries earned a mandatory three years in prison... More>>


Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home. More>>


Elections: New Electorate Boundaries Finalised

New boundaries for the country’s 64 General and seven Māori electorates have been finalised – with an additional electorate created in Auckland. More>>


Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>


Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news