Monday, 16 Jul 2018

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New Zealand halts offshore oil exploration to fight climate change

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Health Desk: 14 April 2018: New Zealand is halting all new offshore oil and gas exploration to become a global leader in the fight against climate change, the centre-left government said Thursday, but opponents accused it of "economic vandalism".

"(We are) taking an important step to address climate change and create a clean, green and sustainable future for New Zealand," Prime Minister Jacinda Ardern said. The oil and gas industry in New Zealand generates about NZ$2.5 billion a year ($1.8 billion), including NZ$1.5 billion in exports, and employs about 11,000 people.

The move by New Zealand comes two weeks after the Netherlands announced plans to rapidly cut production at -- and eventually close -- Europe's biggest gas field as it too seeks to its slash fossil fuel use.

Courtesy: Afp, Wellington