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)

Thu, 21 Dec 2023

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...

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