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New Zealand’s new government to ban future offshore oil and gas exploration

FT 12th April 2018 , New Zealand has become one of the world’s first countries to ban future offshore oil and gas exploration in a move heralded by environmental campaigners as a symbolic blow to “Big Oil”.

“There will be no further offshore oil and gas exploration permits granted,” said Jacinda Ardern, New
Zealand’s prime minister, on Thursday. “We must take this step as part of
our package of measures to tackle climate change,” she said.

The South Pacific nation’s ban is an important policy move at a time when nations are
exploring how to comply with their requirements under the Paris climate
change agreement.France, Belize and Costa Rica have already announced bans
on either fossil fuel exploration or production, although these are largely
symbolic as none are ma jor oil producers.

However, the policy shift announced by Prime Minister Ms Ardern marks a change in direction for
New Zealand, which under the previous conservative government prioritised
fossil fuel exploration to help the economy grow.
https://www.ft.com/content/d91e9864-3ded-11e8-b7e0-52972418fec4

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April 14, 2018 - Posted by | climate change, New Zealand, politics

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