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

 

Energy Security Risk In Approach To Climate Change


Security of energy supply at risk in approach to climate change

Senior executives of many companies active in the New Zealand oil and gas industry believe that the climate change initiatives announced by the Government today pose significant risks to the investments required to achieve energy security.

Commenting today on the Government's announcement that it proposes to introduce an emissions trading scheme, Executive Officer of the Petroleum Exploration and Production Association, John Pfahlert, said care will need to be taken that the proposed scheme does not discourage investment in oil and gas exploration and production.

"Dependable, economic and environmentally efficient electricity supply is essential to our economy and the industry's efforts to provide an ongoing supply of natural gas is a cornerstone of future supply.

"We need to take care that the imposition of a carbon charge on electricity generated from gas does not unduly impact on future exploration and production levels so that base energy supply for future industry and household needs is secure."

Mr Pfahlert said the structure of the proposed system meant it was likely that suppliers of electricity generated from other fuels would make windfall profits, among them government-owned state enterprises.

He said the scheme would also inevitably cause rises in electricity prices, as acknowledged by the Government.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On National’s Incredible Disappearing Tax Policy


During the years of the Key government one hardy perennial of political journalism was that whenever the Labour Opposition would suggest a policy alternative to the status quo, the hard bitten response from the Gallery realists would be “But how’re you gonna pay for it?” National in Opposition has been almost entirely spared that level of sceptical scrutiny. Until now, that is. Until now, Christopher Luxon had largely been left free to witter on that it is entirely feasible to (a) repay debt faster (b) cut taxes significantly and (c) maintain, or even increase the current levels of spending on health and education and (d) do all that at once...
More>>




 
 


National: Five Years Of Failure For Light Rail
Construction of light rail in Auckland might not begin until 2025 despite tomorrow marking five years since Jacinda Ardern announced it would be delivered to Mt Roskill by 2021, National’s Transport spokesperson Simeon Brown says... More>>


Government: Representation Bill Passes Third Reading In Parliament
Te Rūnanga o Ngāi Tahu welcomes the passing of new legislation tonight to reinstate Ngāi Tahu councillors to Environment Canterbury... More>>


Government: First Ever Climate Adaptation Plan Lays Foundations For Resilient Communities

New Zealand’s first National Adaptation Plan, launched today, will ensure communities have the information and support they need to prepare for the impacts of climate change... More>>



Government: More Women On Public Boards Than Ever Before

“Women’s representation on public sector boards and committees is now 52.5 percent, the highest ever level... More>>


Te Pāti Māori: Debbie Ngarewa-Packer Calls On PM To Support Bill To Ban Seabed Mining

Te Pāti Māori Co-leader, Ngāti Ruanui and Ngā Rauru uri Debbie Ngarewa-Packer is today celebrating that her Prohibition on Seabed Mining Legislation Amendment Bill has been drawn from Parliament’s biscuit tin... More>>

Housing: Building Consents Surpass 50k Again
New Zealand’s strong pipeline of housing construction is continuing with the annual number of new homes consented surpassing 50,000 for the fourth month in a row... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels