Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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Infrastructure

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
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...

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