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25 Sep 2018

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Prime Minister Jacinda Ardern uses New York platform to boost climate change funding
it may be controversial at home - but Jacinda Ardern's announcement of New Zealand's oil and gas ban at a key climate change event in New York has had a warm response.

Appalling oil and gas decision will cost billions - National
Official advice released today confirms the Government’s arrogant decision to axe offshore oil and gas exploration will cost billions of dollars and lead to an increase in greenhouse gas emissions, National’s Energy and Resources spokesperson Jonathan Young says,

Greenpeace congratulates Govt for putting oil exploration ban into law
Monday, 24 September: Greenpeace is congratulating the Coalition Government for introducing an amendment to the Crown Minerals Act to bring the ban on new offshore oil and gas permits into law.

Halting new offshore oil and gas exploration permits to cost govt $8b
The estimated financial impact to the Crown of halting new offshore oil and gas exploration permits is almost $8 billion, according to a new government report.

Offshore oil ban will cost Crown billions with little climate impact, officials warn
Official advice on the decision to stop offering new oil exploration permits warns it will cost the Crown billions in revenue, with little impact on cutting carbon emissions.

Oil exploration ban will cost NZ govt $7.9B in lost revenues: MBIE estimate
The government's proposed ban on new offshore oil and gas exploration permits may cost the country $7.9 billion in revenue foregone between now and 2050, the Ministry of Business, Innovation and Employment says

Average US price of gas drops a penny per gallon to $2.90
LOS ANGELES (AP) — The average U.S. price of regular-grade gasoline has dropped a penny per gallon over the past two weeks, to $2.90.Industry analyst Trilby Lundberg of the Lundberg Survey says that's 28 cents higher than at this...

OPEC, allies agree not to further increase oil production
ALGIERS, Algeria (AP) — A meeting of OPEC and its allies ended without any decision to further increase oil output despite President Donald Trump's call for lower prices.Members of the Organization of the Petroleum Exporting Countries...

Iran: US wish to halt Iran's crude exports won't come true
TEHRAN, Iran (AP) — Iran's oil minister has said the United States will not succeed in its plans to halt Iranian crude exports even as he acknowledged that South Korea has stopped buying oil from Tehran, Iranian media reported on...

Ending offshore exploration all pain, no gain for NZers - PEPANZ
Ending offshore oil and gas exploration could cost New Zealand taxpayers up to $23.5 billion and increase emissions at the same time, according to staggering new figures released by Government officials today.

Govt officials estimate cost to NZ of ban on new offshore oil and gas exploration at $7.9 billion
Government officials have estimated that the cost to New Zealand of banning new offshore oil and gas exploration permits will be $7.9 billion between 2027 and 2050.The advice is contained in a just released regulatory impact statement...

Government introduces bill to halt new offshore oil exploration - Woods
The Government has today introduced a Bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits, says Minister for Energy and Resources Megan Woods.

Bill to end new offshore oil and gas permits a win for the planet - Greens
The Green Party welcome the introduction of the Crown Minerals Amendment Bill, which will legislate to officially stop new offshore oil and gas exploration permits.

Government to change law to avoid legal risk from oil exploration ban
Energy Minister Megan Woods has introduced a law change which appears to be designed to avoid the risk of being sued over a controversial decision to stop offering new offshore oil permits.