Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


MBIE plans for budget changes due to ‘no new mines’ policy

MBIE plans for budget changes due to ‘no new mines’ policy

First published in Energy and Environment on October 24, 2019.

MBIE plans for budget changes due to ‘no new mines’ policy

The Ministry of Business, Innovation and Employment is budgeting for a decrease in funding as a result of the ‘no new mines’ policy announced in 2018.

MBIE’s annual report said the memorandum account for management of Crown mineral estate continued to be in deficit. The account is used to collect fees from the mining sector and pay for administration of the system.

MBIE said the memorandum account balance reduced in the 2018/19 financial year as a result of deliberate cost reduction.

“The deficit is expected to increase in the next financial year due to additional costs to maintain the supporting ICT infrastructure and expected revenue reduction as a result of the ‘no new mines’ policy (announced in 2018). A fee review is planned to follow the outcome of the Crown Minerals Act 1991 review.”

The policy refers to the announcement of a ban on new mines on the conservation estate. A discussion document on the policy has been long delayed, but it was referred to in the Government’s wider draft resources strategy document. Once the strategy is finalised it will be used to inform a review of the Crown Minerals Act 1991.

Meanwhile, MBIE’s annual report also shows Crown mineral royalties in the last financial year increased to $258m from $217m.

A review on royalties will also be part of the wider Crown Minerals Act review.

The annual report also highlights that the ministry has not been meeting its goal to reduce NZ’s greenhouse gas emissions (using levers that MBIE has available). “NZ net greenhouse gas emissions (including land use, land-use change and the forestry sector) were 56,895 kilotons (kt) carbon dioxide equivalent (CO2-e) in 2017. This is the second highest recorded level, next only to 57,443 kt CO2-e in 2013.”
First published in Energy and Environment on October 24, 2019.

© Scoop Media

Top Scoops Headlines


Gordon Campbell: On Why We Shouldn’t Be Pushed Into Re-Opening Our Borders

I believe in yesterday as much as Paul McCartney, but it was bemusing to see the amount of media attention lavished last week on the pandemic-related musings by former government science adviser Sir Peter Gluckman, former Prime Minister Helen Clark ... More>>

Gordon Campbell: On The Media Collusion With National’s Attack Lines

For most of the past week, any consumer of this country’s management of Covid-19 would think New Zealand was actually Brazil, or Texas. The media language has been full of claims of “botches” at the border, and laxness and inexcusable errors ... More>>

Gregor Thompson: Don’t Be Too Pessimistic About New Zealand’s Future.

With the first hurdle hopped our Government will be turning its attention to trying to soften the economic damage this pandemic has on our little archipelago. More>>

Eric Zuesse: U.S. Empire: Biden And Kerry Gave Orders To Ukraine’s President

Eric Zuesse, originally posted at Strategic Culture On May 19th, an implicit international political warning was issued, but it wasn’t issued between countries; it was issued between allied versus opposed factions within each of two countries: U.S. and Ukraine. ... More>>

The Coronavirus Republic: Three Million Infections And Rising

The United States is famed for doing things, not to scale, but off it. Size is the be-all and end-all, and the coronavirus is now doing its bit to assure that the country remains unrivalled in the charts of infection . In time, other unfortunates may well ... More>>

Binoy Kampmark: Altars Of Hypocrisy: George Floyd, Protest And Black Face

Be wary what you protest about. The modern moral constabulary are out, and they are assisted by their Silicon Valley friends in the Social Media club. Should you dare take a stand on anything, especially in a dramatic way, you will be found out ... More>>

Binoy Kampmark: Welcome Deaths: Coronavirus And The Open Plan Office

For anybody familiar with that gruesome manifestation of the modern work place, namely the open plan office, the advent of coronavirus might be something of a relief. The prospects for infection in such spaces is simply too great. You are at risk from ... More>>

Binoy Kampmark: Why Thinking Makes It So: Donald Trump’s Obamagate Fixation

The “gate” suffix has been wearing thin since the break-in scandal that gave it its birth. Since Watergate, virtually anything dubious and suggestive, and much more besides, is suffixed. Which brings us to the issue of President Donald Trump’s ... More>>