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

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news