US EditionGovt to Repeal Oil and Gas Ban with New Ministerial Powers
NEW ZEALAND, JUL 29 – The repeal grants ministers discretionary powers over cleanup following a $293 million taxpayer-funded Tui oil field cleanup and aims to restart New Zealand's oil and gas industry.
- Publishing a 25-page amendment on Monday, the New Zealand government delegated decisions on oil and gas cleanup to two ministers, with the third reading expected on Thursday.
- Taxpayers faced a $293 million cleanup bill before the amendment addressed decommissioning responsibilities for Taranaki’s Tui oil field.
- On Monday, a 25-page amendment was published at 5pm, leaving opposition MPs less than 23 hours to prepare, as stakeholders preferred ministerial discretion.
- Resources Minister Shane Jones vowed to restart the oil and gas industry, while a gas company warned investors would be cautious without broad political consensus.
- The government has a $200m fund in this year's Budget to co-invest in new gas fields, and last month pulled out of the Beyond Oil and Gas Alliance, which WWF called an 'international embarrassment'.
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8 Articles
New Zealand goes back on its ban on offshore exploration for gas and oil Admin FCE 31 Jul 2025 - 08:07 New Zealand's Parliament decided on Thursday to allow offshore exploration for gas and oil, reversing a ban put in place by the government of Jacinda Ardern (2017-2023).The bill passed by Parliament was heavily criticized by environmental organizations.The Minister of Energy and Natural Resources Shane Jones said that new laws would stimulate i…
Mediafax In accordance with The Guardian, the New Zealand Parliament adopted a draft law allowing the re-exploitation of oil and gas, contrary to an emblematic decision of 2018, when the left-wing government led by Jacinda Ardern banned new offshore exploration licences. The law was adopted by 68 votes for and 54 against, after the government coalition formed from the National Party, the centre of justice, and the popular New Zealand Pre-Earth (…
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