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

Foodstuffs NI warned by ComCom over supplier treatment
Retail

Foodstuffs NI warned by ComCom over supplier treatment

It obstructed a supplier request, says Grocery Commissioner.

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.