Call for Government to justify oil and gas decision with proper research
The Government is being asked to pause legislation ending new offshore oil and gas exploration permits until serious economic and environmental concerns have been investigated.
鈥淟egislation is expected to be rammed through Parliament this week after a blisteringly short select committee process. However expert evidence from those hearings have raised serious questions that deserve proper scrutiny,鈥� says Petroleum Exploration and Production Association of New Zealand (PEPANZ) CEO Cameron Madgwick.
鈥淭o ensure we have the best outcome possible, we鈥檙e calling on the Government to consider three crucial pieces of research before progressing the Bill.
鈥淚ndependent analysis on the economic impacts should be commissioned. The Government dismissed their own advice saying it could cost the Crown around $7.9 billion in lost tax and royalties, but if anything this was an underestimate as it doesn鈥檛 consider the wider impacts on the economy.
鈥淭he Interim Climate Change Committee should be asked to investigate what impacts, if any, this will have on emissions.
鈥淔inally, the Electricity Authority should also be asked to consider what impact this could have on our electricity supply and costs to households.
鈥淥nce this analysis is gathered, a better informed and evidence-based decision can be made and provide the basis of good quality consultation for those affected. The Government shouldn鈥檛 be afraid of proper scrutiny.鈥�
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