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31.07.2025 16:30:00

New Zealand Lifts Offshore Oil and Gas Exploration Ban

New Zealand reopens for oil and gas exploration after the country’s Parliament on Thursday voted to repeal a 2018 ban on offshore resource drilling.  Back in 2018, the center-left government of former Prime Minister Jacinda Ardern banned offshore oil and gas exploration to protect New Zealand from the effects of climate change and help it reach its net-zero goals.  The current coalition government has pushed for reversing the ban in a bid to strengthen New Zealand’s energy security and alleviate the cost of living crisis. …Weiter zum vollständigen Artikel bei OilPrice.com

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