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

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river.

“Despite an explicit assurance from Minister Smith that the new water standards would provide for human and ecosystem health, he has failed to deliver on either of these things,” says Forest & Bird CEO Kevin Hague. More>>

ALSO:

 
 

Immigration: Clampdown On Rogue Employers Good First Step

The Human Trafficking Research Coalition is pleased at the new clampdown on rouge employers who exploit migrants announced by Minister Woodhouse this morning, and believes this is a step in the right direction. More>>

ALSO:

Mayor: 750 New Social And Affordable Homes For Wellington (Over A Decade)

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Private Provision: First Social Bond To Focus On Mental Health

New Zealand’s first social bond will help around 1700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say. More>>

ALSO:

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:


Megaupload Case: High Court Rules Dotcom, Co-Accused Eligible For Extradion

Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the United States, New Zealand's High Court ruled... Justice Murray Gilbert upheld a decision by the District Court that there were grounds for Dotcom, Mathias Ortmann, Bram van der Kolk and Finn Batato to be extradited. More>>

ALSO:

PREVIOUSLY:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news