Fran O’Sullivan echoes Hooton’s claims about oil & gas

Fran O’Sullivan echoes Matthew Hooton’s claims about why Jacinda Ardern destroyed New Zealand’s oil and gas industry: Quote:

Jacinda Ardern’s use of prime ministerial fiat to ban new offshore oil and gas exploration is disturbingly Orwellian.

Official papers released by her hapless Energy Minister confirm what was already blindingly obvious to anyone who has observed closeup the process of Governmental decision-making ? the ban was purely political.

A decision that was kicked upstairs and made by Ardern, NZ First Leader Winston Peters and Greens Leader James Shaw. And rushed through ? without being contested through appropriate Cabinet consideration ? so it could be announced on April 12 just before the Prime Minister headed to Europe.

What it also confirms ? as I wrote in April ? is Ardern put her debut as a global climate change warrior ahead of making credible plans to transition New Zealand away from a reliance on fossil fuels towards clean energy.

There’s no other way to interpret the documents and emails that have been released this week. End quote.

It was all for positive headlines from a virtue-signalling silly little girl masquerading as Prime Minister.?Quote:

As Energy Minister Megan Woods put it: “This decision was about taking political leadership to act on climate change and its flow on impacts … it was a political decision, looking out 30 years and taking steps towards 2050 being emission neutral.”

In her public statements, Woods has conveniently overlooked the fact the decision was obviously also an economic one with considerable ramifications for the oil and gas industry and downstream players.

On April 10 ? two days before Ardern unveiled the decision ? officials warned Woods the proposed ban would be “detrimental to a number of public policy objectives”.

It would not only decrease economic activity in Taranaki (currently home to NZ’s highest paid provincial earners) and increase costs to consumers. But it would increase the risks around security of supply and result in a reduction in Crown revenues from lower future royalties.

Importantly , as the Ministry of Business, Innovation and Employment (MBIE) pointed out the reduction of domestic greenhouse gas emissions would be negligible. Said MBIE, it would more likely result in increased global emissions as methanol produced from gas at Methanex’s Taranaki plant would be replaced by methanol produced by using coal from China.?End quote.

But Megan Woods and Jacinda Ardern know best. They’ve wrecked an industry for a lie, that this is going to improve the environment. They couldn’t have possibly known that: their advice, scant though it was, was the opposite.?Quote:

This should have screamed red alert to a responsible Cabinet Minister and provoked others with relevant ministerial responsibilities ? like Finance Minister Grant Robertson, Economic Development Minister David Parker and Regional Development Minister Shane Jones ? to weigh in with advice from their officials.

But judging by the email trail, the Energy Minister was by now pretty much reduced to being the PM’s messenger ? a mere go-between.?End quote.

The Princess’s hand bag holder.

Jacinda Ardern stands charged with wrecking a key component of the national economy. Sadly, she will be long gone before the impact is truly felt and so is unlikely to be ever held to account. She may well go down as more of an economic vandal than even Sir Robert Muldoon.