'Right goal, wrong tool' says peak business lobby on oil exploration policy

Thu, 12 Apr 2018

By Pattrick Smellie April 12 (BusinessDesk) - Ending new exploration permits for offshore oil and gas deposits uses the wrong tool for the right target, says the BusinessNZ Energy Council, a sub-group of Business New Zealand, the country's peak business lobby group. The policy was "crude and unnecessary" and "blights New Zealand’s entire energy sector," the council's executive director, John Carnegie said. "There will be no overall reduction in global emissions and potentially an increase in emissions as a result of this ban as global exp...

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