Subscribe Login
Opinion

Bureaucratic own goal at Tui oil field a red flag about regulatory problems

Gavin Evans
Mon, 26 Oct 2020

Gavin Evans
Mon, 26 Oct 2020
RELATED
BW Offshore is cutting its losses at the Tui oil field and has planted a glowing red flag warning of the flaws in this country’s environmental regulation.When a company is prepared to write off a US$21 million vessel and hand it to liquidators – rather than deal further with New Zealand regulators – we should be concerned.The Environmental Protection Authority has achieved a spectacular own goal. The Ministry of Business, Innovation and Employment, in its unwanted role as de facto operator of the field, may have also had a han...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Wake Up Call
Wake Up Call: No cheques, mate
Staff reporters | Fri, 25 Jun 2021

Westpac is going cheque free from today, the latest in a line of banks to do away with the old-school payment type.

Opinion
How much more juice can IRD squeeze?
Paul McBeth | Fri, 25 Jun 2021

Is the tax department still fighting the battles of yesteryear with its Frucor case?

Infrastructure
Oceania rejects Retirement Commissioner's call for law review
Jenny Ruth | Fri, 25 Jun 2021

Oceania Healthcare currently has more than 400 villas, units and care suites under construction.

Sponsored
Will your bach or business be underwater in 100 years?

As climate change brings rising sea levels and accelerated coastal erosion, tens of thousands of coastal homes and baches in New Zealand could be left at risk and uninsurable.

Partner Content
Business events are increasingly important for corporates

Working from home is great, but there's real value in face-to-face connections.

© Content Ltd 2021.