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 Why Herd Immunity Isn’t A Valid Option, And What’s With Our Reluctance To Wear Masks?

Herd immunity has recently bounced back into the headlines as a tool for managing Covid-19, and as a supposed alternative to lockdowns. In the US, a group of scientists was recently brought together in the town of Great Barrington, Massachusetts by a think tank funded by the Koch brothers. The assembled scientists signed the so called Barrington Declaration, which promotes herd immunity as a rational means of re-opening US public schools and the economy at large... More>>

 

Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>

ALSO:

Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>

ALSO:


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>

ALSO:


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>

ALSO:

Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels