National to reverse oil and gas exploration ban

Labour’s ban on oil exploration hasn’t been met with delirious acclamation. In fact, quite the opposite, including from their own support partners.

Finally, Simon Bridges has found something to oppose. He wouldn’t oppose the fuel tax but he will oppose the ban on exploration. The NZ Herald reports as follows:

Leader of the Opposition Simon Bridges says National will reverse a ban on offshore oil and gas exploration if it comes into power in 2020, describing it as “a wrecking ball” for regional New Zealand.

Bridges, a former Energy and Resources Minister, also warned the?ban would threaten gas reserves?and eventually make New Zealand have to import coal to power its industries and homes.

“We’ve got a decade or under of gas left, and that’s what runs much of our heavy industry in the Northland, but also through to the shops and the homes,” Bridges said.

Speaking to reporters in Auckland, the National leader said the ban made neither economic nor environmental sense.

It did not amount to a transition away from fossil fuels because it was halting exploration “in pretty short order”, he said.

What’s going to happen here is international investment will literally dry up from now.

“If you’re a business in New Zealand in this sector you’re not going to do more and so you will see job losses follow reasonably quickly.”

The policy would “send a chill down the spine of NZ business” following Government moves last week which affected the irrigation sector and also came after little consultation.

New Zealand signed up the Paris Agreement to curb greenhouse gas emissions under the National-led Government. Asked what he would do differently to combat emissions, Bridges said he would investigate a Climate Commission and pricing mechanisms, and reduce transport emissions by growing the electric car fleet.

“To just pull the rug out, to kill a sector like this, take a slab out of the economy quite quickly, that’s definitely not the way to go.”

National would reinstate the Block Offer process which allowed oil and gas companies to tender for exploration permits each year.

When it was pointed out that the popularity of Block Offers was waning, he said that was the result of a low oil price, which was now rising again. End quote.

How about ignoring the fraud that is climate change? Ever thought about that? Most people don’t believe in it, and it barely rates on polls as an important issue. Waste of time effort and money.

This government are proving that three years is too long for a Labour government.

 

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