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

 

PEPANZ expresses disappointment in Auckland Council decision

PEPANZ expresses disappointment in Auckland Council decision

The Petroleum Exploration and Production Association of New Zealand (PEPANZ) today expressed its disappointment in the symbolic decision by the Auckland Council to oppose oil prospecting, exploration and drilling in New Zealand.

PEPANZ Chief Executive Cameron Madgwick says there is genuine international interest in New Zealand and the oil and gas industry has the potential to have a profound impact on both New Zealand’s national and regional economies.

"Every year the Government earns around $600 million in royalty and income tax from the oil and gas sector, but this would increase dramatically should exploration activities lead to a significant find, helping the Government fund essential services," says Mr Madgwick.

"Analysis has shown that a significant find in a single one of New Zealand’s 17 sedimentary basins could have a massive economic benefit. A near off-shore field could mean more than $3 billion of investment, creating 270 jobs in the development phase. A major offshore gas field could mean a massive $19.3 billion of investment.

"To understand the impact the industry can have on a region, you only need to look at Taranaki. Oil and gas exploration and production is one of the key reasons why Taranaki has the highest Gross Domestic Product per capita in New Zealand. Oil and gas activity makes up 40 percent of Taranaki’s regional Gross Domestic Product, and employs over two percent of the region’s workforce.

Mr Madgwick says the while the industry understands that there are a wide range of views on oil and gas exploration and production in the community, it is important that councils balance both economic opportunity, environmental considerations and the industry’s track record in the country.

"The industry is absolutely committed to protecting the environment - doing everything it can to minimise its impact and reduce the risk of an incident. This is a commitment we do not take likely," says Mr Madgwick.

"In fact, safety is at the centre of everything the industry does. We are rightfully subject to robust national oversight, detailed legislative requirements and robust plans to respond to any eventuality. There have been no serious incidents in the 150 years the industry has been in operation in Taranaki and this is a record we are proud of.

"Local government has a critical role to play in the oil and gas sector, ensuring that activities are undertaken in a safe and effective manner, and it is important that the industry has a close relationship with all councils. I look forward to having the opportunity to meet with Mayor Goff and the new Auckland Council to listen to their concerns and discuss the industry’s future in New Zealand."

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Perils Of Using PPPs To Meet Auckland’s Roading Needs

More than once, the coalition government has ruled out using public private partnerships (PPPs) to fund the country’s infrastructure needs in health and education – apparently private profiteering in those areas is recognised as being undesirable. Not the same story though with transport, and the reasons for that differential treatment are mystifying. Earlier today, Transport Minister Phil Twyford announced that one of two new roads that the government would be co-financing would be a PPP – namely, the Penlink project that will link the northern motorway to the Whangaparaoa Peninsula.

More>>

 
 

HiveMind: Fair Enough? How Should New Zealanders Be Taxed?

Have Your Say - Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon. More>>

ALSO:

Gordon Campbell: On Thompson + Clark & Russia’s World Cup

Daily, the coalition government keeps running into examples of the toxic legacy left behind by National – and just as regularly, even the simple fixes are proving stubbornly difficult to enact. Take the case of the security firm Thompson + Clark ... More>>

ALSO:

Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>

ALSO:

PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in Europe for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>

ALSO:


Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>

ALSO:

Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages