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Offshore Oil & Gas issue

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The earlier than expected determination of the Green Party faction to enforce its minority influence within New Zealand’s ruling Labour governing coalition by banning oil exploration came as a surprise to many, notably those in the Taranaki region.   There are signs that the National Party opposition was also wrong-footed, imagining that the Labour coalition would tamp down this kind of doctrinal fervour when it directly impacted on jobs, in this case 11,000 of them according to New Plymouth National MP Jonathan Young.  MSCNewsWire 13 April

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Businesses need to be involved in the news of no more offshore oil exploration, with no onshore permits outside Taranaki. What are your thoughts for the economy? For the environment and jobs in Taranaki? - This email address is being protected from spambots. You need JavaScript enabled to view it.

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BusinessNZ Chief Executive Kirk Hope said the Government’s decision to continue to recognise existing permits was important, as doing otherwise would have had a potentially devastating effect on investment into New Zealand. BusinessNZ 12 April