NZ bans off­shore ex­plo­ration

The Australian Energy Review - - NEWS -

NEW Zealand Prime Min­is­ter Jacinda Ardern has an­nounced a ban on all new off­shore oil and gas ex­plo­ration as part of an ef­fort to re­duce the coun­try’s net green­house gas emis­sions. The de­ci­sion was met with mixed re­views from both sides of pol­i­tics, with NZ Na­tional Party MP Jonathan Young la­belling the move a form of “eco­nomic van­dal­ism”. Fed­eral Re­sources min­is­ter Matt Cana­van said the Aus­tralian Gov­ern­ment was happy to at­tract oil and gas in­vest­ment “if NZ doesn’t want it”. “Then we can ex­port the gas to them be­cause I can't see ki­wis stop­ping us­ing cars, heat­ing and plas­tics,” Mr Cana­van tweeted.

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