A friend who has a horticulture business estimates the government’s ban on further offshore oil and gas exploration will add around half a million dollars a year to his costs of production.
That comes on top of a similar amount more he’ll be paying for labour with the increases to the minimum wage.
He might be able to absorb some of the increased costs but will have to pass on at least some of the increase.
Food in New Zealand is already expensive. Government policies will make it even more expensive and will also lead to job losses.
Adding extra costs for green wash is economic vandalism for no environmental gain.
The Government’s decision to ban gas and petroleum exploration is economic vandalism that makes no environmental sense, National MPs Jonathan Young and Todd Muller says.
“This decision will ensure the demise of an industry that provides over 8000 high paying jobs and $2.5 billion for the economy,” Energy and Resources Spokesperson Jonathan Young says.
“Without exploration there will be no investment in oil and gas production or the downstream industries. That means significantly fewer jobs.
“This decision is devoid of any rationale. It certainly has nothing to do with climate change. These changes will simply shift production elsewhere in the world, not reduce emissions.
“Gas is used throughout New Zealand to ensure security of electricity supply to every home in New Zealand. Our current reserves will last less than ten years – when they run out we will simply have to burn coal instead, which means twice the emissions.
“The Government says that existing wells will continue but that’s code for winding the sector down.
Climate Change Spokesperson Todd Muller says the decision makes no sense – environmentally or economically – because less gas production means more coal being burnt and higher carbon emissions.
“Many overseas countries depend on coal for energy production. Those CO2 emissions would halve if they could switch to natural gas while they transition to renewable energy.
“By stopping New Zealand’s gas exploration we are turning our backs on an opportunity to help reduce global emissions while providing a major economic return to improve our standard of living and the environment.
“We need to reduce global CO2 emissions. But there is no need to put an entire industry and thousands of New Zealanders’ jobs at risk.”
Mr Young says the Government’s decision today is another blow to regional New Zealand, and Taranaki in particular.
“It comes hot on the heels of big decisions that reduce roading expenditure, cancel irrigation funding, and discourage international investment in the regions.
“This is simply Jacinda Ardern destroying an industry in the cause of a political slogan pushed by Greenpeace.”
You can sign a petition against this economic vandalism for no economic gain here.
When oil and gas are mentioned, we think of fuel for vehicles.
Filling up at the gas station is certainly one of the ways to use oil that is most familiar to us. But guess what: of all the oil we use, only 43 per cent goes to fueling our cars.
Given this, can we seriously consider ending our “dependence on oil”, as some would suggest? Someone who wants to stop using oil will have to say goodbye to smart phones, ballpoint pens, candlelight, clothing made of synthetic fibers, glasses, toothpaste, tires (including those on bicycles), and thousands of other products made from plastic, a petroleum derivative.
Good luck with that program.
Problem is, the anti-oil discourse so demonized this resource that we came to forget the many benefits conferred by its use. Oil and its derivatives have improved living conditions in Western industrialized societies, as the list quoted above quite clearly demonstrates, but also worldwide. In Africa, for example, earthenware jars used to transport water have been replaced by plastic jars, which are much lighter, providing some relief to women who have to carry out this task.
What’s more, some of these products shaping everyday life are designed locally. That’s the case for Eska water bottles or Kraft mayonnaise recipients, manufactured in Montreal. So much so that a high-technology sector has emerged around Montreal refineries over the years, providing quality jobs for more than 3,600 workers. . .
Like other greenwash, the anti-oil movement has gained traction based on half-truths and emotion.
Like other greenwash, the government’s decision to ban offshore exploration will come at a high economic and social cost with no environmental gain.
Like other green wash the ban is about doing something, not doing the right thing,