Guess who pays

The Northland Age - - Local News -

The Govern­ment’s decision to end off­shore ex­plo­ration for oil and gas will cost New Zealand at least $6.2 bil­lion, ac­cord­ing to doc­u­ments re­leased dur­ing elec­tion ne­go­ti­a­tions. So ACT leader David Sey­mour said, adding that “this PR stunt” would leave each house­hold at least $4000 a year worse off. “But that’s not the full ex­tent of it,” he said. “The cost to New Zealan­ders is likely to be much higher be­cause these fig­ures don’t in­clude the ben­e­fits of new dis­cov­er­ies of oil and gas. Nor do they take into ac­count the full im­pact of lost em­ploy­ment, or the costs of lower se­cu­rity of en­ergy sup­ply and al­ter­na­tive en­ergy sources.”

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