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Oil and gas decision will cost each household $4000

Oil and gas decision will cost each household $4000



"The Government’s decision to end offshore exploration of oil and gas will cost New Zealand at least $6.2 billion, according to documents released during election negotiations”, says ACT Leader David Seymour.

"We now know at least some of the costs involved with this PR stunt. Each household will be at least $4000 worse off.

“But that’s not the full extent of it.

"The cost to New Zealanders is likely to be much higher because these figures don’t include the benefits of new discoveries of oil and gas.

"Nor do they take into account the full impact of lost employment, or the costs of lower security of energy supply and alternative energy sources.

“Jacinda Ardern’s 'make policy first, ask questions later’ approach to Government will batter struggling Kiwi families with higher energy cost, lower employment opportunities and wages”, says Mr Seymour.

ends

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