Oil and gas sector jittery about immediate impact of move away from fossil fuels

Tue, 27 Mar 2018

By Rebecca Howard March 27 (BusinessDesk) - While New Zealand's government said a transition away from fossil fuels will take several decades, concern about the immediate future is running high in the sector given investment already sunk into exploration. Earlier on Tuesday, Minister of Energy Megan Woods told an annual oil and gas conference the government is committed to "a long-term transition away from fossil fuels and towards renewable energy" and underscored no existing oil and gas production permits would be affected, with some fo...

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