The government’s decision to stop offshore oil and gas exploration is nothing but greenwash.
National Opposition energy and resources spokesman Jonathan Young said the decision had come without any consultation with industry.
“The Government had promised to consult but have now made an abrupt decision to stop any new offshore exploration,” he said.
New Zealand has only about 10 years supply of gas reserves left, he said.
“So in 10 years time we will be buying imported gas to fire up the barbecue,” he said.
Young said 20 per cent of nationwide electricity generation depended on gas.
“What will replace gas as the demand for more electricity rose with electric vehicles and we don’t have enough renewables.
“It will be coal – good one Government.”
This move will do nothing to reduce the use of oil and gas in New Zealand or elsewhere.
It will just mean importing oil and gas from elsewhere. That will be more expensive and worse for the environment.
New Plymouth mayor Neil Holdom called the decision a “kick in the guts” for the Taranaki economy.
The industry provided directly and indirectly up to 7000 jobs in the region.
“It was a kick in the guts for the long term future of the Taranaki economy and urgent work was needed on a plan to maintain Taranaki’s position as the provincial powerhouse of New Zealand’s economy,” he said. . .
Any gain from the projects which got money from the Provincial Growth Fund last week will be more than cancelled out by the jobs lost in the oil and gas industry and those who service and supply it.
This policy is economic sabotage for no environmental gain from a government long on rhetoric and virtue signaling and very short on reason.