Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Oil company failures a victory for the planet

"Anadarko's failure to find commercially viable oil off the Taranaki coast is a call for celebration and a victory for the planet”, said Climate Justice Taranaki spokesperson Urs Signer.

Anadarko NZ's corporate affairs manager Alan Seay's commented that "this is by far the most frequent outcome in exploratory drilling". Recently, OMV also reported ‘no significant gas or oil shows’ in the primary target of its Matuku well and Shell has announced it won't be drilling in the Arctic this year. Time and time again, companies have talked up the economic fortunes of fossil fuels but failed to deliver.

Notably, Anadarko spent 309 million dollars drilling off Taranaki's coast and Shell squandered 5 billion dollars on its failed Alaska programme.

There is a fair chance that OMV will have wasted millions in its exploratory drilling and seismic testing, the latter potentially had caused or exacerbated last months’ mass strandings of pilot whales at Farewell Spit.

Importantly, the International Energy Agency noted in 2012 that “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal...” Under these circumstances, continued exploratory drilling is clearly irresponsible and harmful to the future of humanity and the biosphere.

"People need to face the fact that the era of fossil fuels is coming to an end. We can throw money into the drilling wastebin or we can reduce our energy use and move to a clean, renewable energy economy. The world's oceans and climate are better off now with the failure of these oil rigs.

Oil drilling is losing its social AND economic licence" said CJT spokesperson Urs Signer.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news