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

 


National's oil obsession runs out of gas

National's oil obsession runs out of gas

The rapid decline in oil production and exports under the current government confirms that National's oil drilling obsession has been an economic and environmental failure, Green Party Co-leader Dr Russel Norman said today.

Oil production in New Zealand has fallen by 40% and oil export revenue by 47% under the current government, which is paying $45 million a year in subsidies to the fossil fuel industry.

"National's oil drilling obsession has been an economic and environmental failure," said Dr Norman.

"For six years, National has lavished taxpayer subsidies on the oil industry and changed laws at the whim of drilling companies. But New Zealand has gained nothing in return.

"The riches promised by John Key and Steven Joyce have failed to materialise. Oil production has fallen by 40% and oil export revenue has been cut in half.

"The latest failure of US drillers Anadarko to find oil just confirms that gambling on oil finds is not a successful economic policy. Even if oil was found, it would just add to the global pool of fossil fuel reserves that can't be burned if we are to avoid catastrophic climate change.

"National has bet the public's money on the wrong horse. We should be investing, instead, in jobs-rich sectors with proven success records like hi-tech manufacturing and IT.

"National's economic strategy rests on asset sales and oil drilling. Both have been total failures. Smart, green economic policies are the path to a prosperous New Zealand," said Dr Norman.


Additional information:
2013$
Exports of Oil and related products
Gross petajoules (PJ)
NZ Oil Production
2008
$ 3,251,924,048
2008
143.0
2009
$ 2,057,046,806
2009
119.1
2010
$ 2,195,818,289
2010
128.2
2011
$ 2,575,049,367
2011
110.2
2012
$ 2,211,827,922
2012
98.8
2013
$ 1,726,752,000
2013
85.9
change
-47%
change
-40%
Statistics New Zealand, Overseas Merchandise Trade series
MED Energy data file
WWF report on fossil fuel subsidies

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

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:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. 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>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news