Govt kicks Māori party seabed mining bill into touch

Govt kicks Māori party seabed mining bill into touch
Seabed mining for diamonds off the coast of Namibia. (Image: Getty)
Pattrick Smellie
The government will not support a Te Pāti Māori private members’ bill to ban seabed mining, saying it would end existing rights for offshore oil and gas exploration without compensation.Environment minister David Parker is proposing a select committee inquiry instead.The Prohibition on Seabed Mining Legislation Amendment Bill was introduced by Te Pāti Māori MP Debbie Ngarewa-Packer and has its first reading next week. The rejection comes in the same week as a Labour cabinet minister, Meka Whaitiri, announced she was defecting to Te P...

More Economy

Trade data shows imports down, exports up in November
Economy

Trade data shows imports down, exports up in November

The latest trade data follow Thursday's dire GDP result.

Staff reporters 20 Dec 2024
GDP plunge may spur speculation about a 75bps cut
Economy

GDP plunge may spur speculation about a 75bps cut

The past two quarters mark the weakest six months since June 1991. 

Rebecca Howard 19 Dec 2024
Massive GDP fall: NZ in deep recession
Economy

Massive GDP fall: NZ in deep recession

New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

Staff reporters 19 Dec 2024