Petroleum industry welcomes market-led climate change strategy

Petroleum industry welcomes market-led climate change strategy
Energy Resources Aotearoa chief executive John Carnegie says the ETS is enough to drive decarbonisation. (Image: ERA)
Greg Hurrell
Energy Resources Aotearoa is applauding an expected bonfire of the previous government’s “cacophony” of emissions reduction schemes but insists the petroleum industry isn’t dragging the chain in reducing NZ’s emissions.John Carnegie, the chief executive of Energy Resources Aotearoa (ERA), told BusinessDesk more investment in the industry was needed, not less, in the transition to a low-emissions economy.Last week ERA, which represents the petroleum and related industries, released a briefing to the government...

More Energy

Contact Energy chief fires election-year warning
Markets

Contact Energy chief fires election-year warning

Fuge urges stability as Contact leans into a big build.

Contact sets out aggressive growth push
Markets

Contact sets out aggressive growth push

Contact is relying on demand increase to fund expansion.

Ian Llewellyn 25 Nov 2025
Another solar farm gets the nod from Genesis
Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 24 Nov 2025
Industry signals 5PJ gas switch-off potential
Energy

Industry signals 5PJ gas switch-off potential

Policy, cost and network uncertainties are all major constraints to make the switch.

Ian Llewellyn 24 Nov 2025