Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Too Hard To Get Consents For Big Projects

Media release
29 March 2004

Too hard to get consents for big projects

Sadly, today's announcement by Meridian Energy that it's canning Project Aqua comes as no surprise, says Business NZ.

Chief Executive Simon Carlaw says last week's Mood of the Boardroom survey of 300 large and small enterprises showed clearly the barriers and constraints that exist in the New Zealand business environment.

"The Resource Management Act continues to deliver huge and expensive uncertainty to large developments. In the case of Project Aqua, the RMA Amendment Bill was offering an ad hoc, overly interventionist approach to the Waitaki River that did not recognise or protect property rights and was not up to the task.

"Today's announcement is a significant blow to New Zealand's hopes for an adequate energy supply. With insufficient hydro power because of the RMA and a Kyoto-imposed constraint on coal-powered electricity generation, the Government is effectively shutting off the means of harnessing our indigenous fuel sources," Mr Carlaw said.

"We've had dangerously dry winters in two out of the last three years and businesses have been hit hard by high and volatile prices. New Zealand should not be in this situation. The RMA and climate change policies need a fundamental review."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Department Of Conservation: Beech Mast On The Cards After Warm Summer

Climate modelling shows this year’s hot March has increased the chance of beech forest seeding next summer in parts of New Zealand, which could be bad news for native wildlife. The Department of Conservation (DOC) uses data from NIWA’s virtual climate ... More>>

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Geo40: Global Plans To Recover Low-Carbon Lithium At Scale Accelerated By Investment Of Up To $7.5m By Pacific Channel

New Zealand’s leading sustainable, mineral-recovery company, Geo40 Limited has secured up to $7.5m in equity investment from New Zealand deep-tech specialist Venture Capital firm Pacific Channel to fast-track plans to develop its nascent lithium-from-geothermal-fluid ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>