Oil and gas exploration ban repeal bill introduced

Oil and gas exploration ban repeal bill introduced
Resources Minister Shane Jones hopes to entice major oil and gas investment back to NZ, others say he is dreaming. (Image: NZME)
Ian Llewellyn
A bill repealing the offshore oil and gas exploration ban has been introduced under parliamentary urgency and will be sent to a select committee for consideration.In 2018, the Labour-led Government banned new oil and gas exploration permits outside parts of onshore Taranaki, citing the need to move away from fossil fuels to reduce greenhouse gas emissions.This was with the reluctant support of New Zealand First, and on Tuesday, Resources Minister and NZ First MP Shane Jones introduced the Crown Minerals Amendment Bill.The law will repeal the ba...

More Law & Regulation

Leaky buildings tribunal to wind up
Policy

Leaky buildings tribunal to wind up

Time called on tribunal, the problems remain.

Ian Llewellyn 04 Nov 2025
Westpac NZ eyes improved full-year 2026 profit on GDP gains
Finance

Westpac NZ eyes improved full-year 2026 profit on GDP gains

Looks to grow at pace of economy, invests in business. 

Andy Macdonald 04 Nov 2025
Westpac NZ calls on Google and Meta to do more
Finance

Westpac NZ calls on Google and Meta to do more

CEO says Google, Meta's effort are "piecemeal'"

Andy Macdonald 03 Nov 2025
Baker's dozen: Westpac NZ hikes FY profit by 13%
Finance

Baker's dozen: Westpac NZ hikes FY profit by 13%

Lift for bank's NZ arm comes as Aussie parent sees its bottom line slip. 

Andy Macdonald 03 Nov 2025