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

 


Anadarko Oil Fail is Government’s Economic Flop

PRESS RELEASE

12 March 2014


Anadarko Oil Fail is Government’s Economic Flop

Greenpeace says the reported failure of Texan company Anadarko to find oil off both the Raglan and Otago coasts confirms the Government needs to stop supporting foreign oil companies and start backing our local clean energy industry.

“If its correct they have failed to find oil for a second time there are many who will open a Speights tonight in celebration of the news that Texan oil company Anadarko are about to batten the hatches and get out of here.” said Greenpeace campaigner Steve Abel.

“People in Dunedin, Kaikoura and Banks Peninsula will be breathing a sigh of relief that oil isn’t about to hit the beaches where their kids swim. While Anadarko’s shareholders must be asking, “Why are you wasting hundreds of millions drilling dry wells in New Zealand?”

“The Government should give up its manic pursuit of deepsea oil drilling off our coasts. Backing such a dirty industry is at odds with everything we stand for as a country - meanwhile the clean energy sector is booming globally. This is where New Zealand belongs - backing clean energy,” said Abel.

The New Zealand government is subsidising the oil and gas industry by $46 million dollars annually. (1) The National-led government has significantly increased its support for oil and gas through indirect subsidies such as taxbreaks and support for exploration data and research - up from $6 million in 2009 to $46 million in 2013.

Greenpeace Policy Advisor Nathan Argent said “Deepsea oil drilling is a risk to both our environment and economy. 50% of jobs in New Zealand rely on our clean green reputation and 70% of exports rely on New Zealand’s clean green reputation.”

“The Government needs to get behind our clean energy experts, especially in the areas of R&D and public funding. We need to create the right framework so that businesses in New Zealand know the government is serious about creating jobs, rebuilding our economy and reducing pollution. And the only way they can do that is by choosing a clean energy path.”

“It’s time for New Zealanders to get excited about our future. But we need to hurry up and get on board the clean tech train before we're left behind at fossil fuel station.”

END

1. http://awsassets.wwfnz.panda.org/downloads/wwf_fossil_fuel_finance_nz_subsidies_report.pdf

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news