New Zealand's oil and ????? ?????gas industry is a sizeable part of the country's economy, but it'll be stopping all new offshore exploration to address climate change.
"There will be no further offshore oil and gas exploration permits granted," Prime Minister Jacinda Ardern said in an announcement on Thursday.
SEE ALSO: Shell knew truth of global warming in 1980s; foresaw a Hurricane Sandy scenarioThe decision will only apply to new permits that are put out to tender annually, with existing licenses not to be affected. Some of these permits still have more than a decade left to go.
There are 31 oil and gas exploration permits in the country, with 22 located offshore. New Zealand's oil and gas industry contributes NZ$2.5 billion (US$1.8 billion) to its GDP, according to PEPANZ, an organisation which represents the country's petroleum industry.
For environmental groups, the move is a big step in tackling climate change. Greenpeace New Zealand executive director, Russel Norman, said the decision was a "huge win" for climate.
"New Zealand has stood up to one of the most powerful industries in the world."
"By ending new oil and gas exploration in our waters, the fourth largest Exclusive Economic Zone on the planet is out of bounds for new fossil fuel exploitation. New Zealand has stood up to one of the most powerful industries in the world," Norman said.
WWF-New Zealand CEO Livia Esterhazy hopes the announcement will spur renewable energy investment from oil and gas industries. "That's the way of the future," she said.
PEPANZ argued the ban would "do nothing" to reduce greenhouse emissions, and that renewable energies are not yet adequate at fulfilling the country's energy demands.
“We ask the Government to talk with the industry urgently. In the meantime, we will be carefully considering the ramifications of this decision and our options going forward," PEPANZ CEO Cameron Madgwick said.
New Zealand's not the only country to halt oil and gas like this. Last year, France announced it would ban all oil and gas production within the country and in its overseas territories by 2040.
Previous：Sophie Oda to Appear on ‘NCIS: LA’
BLAST.tv Paris Major Asia and Americas RMRs suffer from wealth of competitive integrity issues
Nisei Week Hawaiian Luau on Feb. 29
OBITUARY: Don Seki, Nisei Vet Featured in ‘The Go For Broke Spirit’
JACL Denounces Continued Detainment of Children
FURIA fall to G2 to exit the BLAST Paris Major with a whimper
Osaka Delays Semifinal to Draw Attention to Police Shootings
Honda Plaza Launches Outdoor Dining
DOR Planning Committee Invites Community Participation
BLAST Paris Major showmatch rosters revealed
Not Exactly By the Book
Eternal Fire eliminate Imperial from Roobet Cup
VP Candidate Harris Represents a Series of Firsts
Pam Chen Promoted to News Director of ABC7
L.A. County Chief Executive Officer Sets New Retirement Date
Eternal Fire eliminate Imperial from Roobet Cup
‘Alternative Facts’ at JANM
New Book Talk: ‘Seeking Sakyamuni: South Asia in the Formation of Modern Japanese Buddhism’
Recrent назвал 3 шутера, в которые стоит поиграть
Dan Kwong’s Latest Performance Piece Based on His Mother’s Life
G2 edge past Imperial after three
Activists explain how 'climate justice is racial justice'The historical tragedy of ‘Catherine the Great’s mysterious prisoner'Star Wars: The Rise of Skywalker' trailer breakdown: Big questions, ugly cryingWebsite accessibility for people with disabilities is still an issue. Here's why.Apple lawyer tasked with preventing insider trading indicted for *checks notes* insider tradingHow to cope when your best friend falls in love and pulls away from youFacebook bans ads that discourage people from votingMark Zuckerberg's defense of Libra: It's all about ChinaRED's Hydrogen phone project is deadJack Dorsey trashes Facebook's Libra, say it's not even a cryptocurrency Humane Ai Pin reviews: Top 5 common complaints about the 'smartphone killer' 'The Sympathizer' review: Park Chan How to connect Xbox controller to PC Best tablet deal: The Samsung Galaxy Tab S6 Lite comes with a $100 Amazon gift card Google adds new AI Best tax software deals 2024: Turbotax and H&R Block reign supreme Samsung Galaxy tablet deal: Get up to 40% off at Amazon Wordle today: The answer and hints for April 12 How to screenshot on Android Google Photos is making its AI photo editing tools available for all users
0.1719s , 9992.3125 kb
Copyright © 2025 Powered by 【????? ?????】New Zealand bans all new offshore oil and gas exploration,Global Hot Topic Analysis
