Investment risks to energy security keep piling up

A new law laying down perpetual liability for oil fields has the sector worried. (Image: Deposit Photos)

Wed, 17 Nov 2021

Minor changes to a new law covering the decommissioning of oil and gas fields will not change the threat they pose to the investment needed to maintain production, Energy Resources Aotearoa says.The Crown Minerals (Decommissioning and Other Matters) Amendment Bill has been reported back from the select committee with minor changes.Energy Resources Aotearoa (formerly Petroleum Exploration and Production Association of New Zealand) has pushed back strongly against the law change since it was introduced.Among other things, the bill sets up a new c...

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