Govt opens low-carbon summit with $47M commitment to new energy research

Wed, 08 May 2019

By Pattrick Smellie May 9 (BusinessDesk) - The government will invest $27 million to establish a new energy centre in Taranaki as a gesture towards assisting the region's transition from a multi-billion dollar oil and gas industry to a low-carbon economy. Prime Minister Jacinda Ardern announced the long-anticipated initiative as she opened the Just Transitions Summit in New Plymouth – a two-day event organised in direct response to the backlash created by the government’s decision in April last year to ban further offshore oil and gas exp...

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