Finance Minister received no Treasury advice on impact of oil and gas offshore exploration ban

Wed, 06 Jun 2018

By Rebecca Howard June 6 (BusinessDesk) - Finance Minister Grant Robertson told a parliamentary committee that Treasury provided no advice about the potential fiscal or economic risks from banning future offshore oil and gas exploration licenses. "The advice that I have received from Treasury is that the uncertain nature of revenue associated with oil and gas exploration means that they don't include that in forecast revenue.. once it is inside the economy then you can make judgments about it. " Robertson said in response to questions fr...

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