<
https://theconversation.com/nzs-government-may-ask-the-public-to-underwrite-the-risk-of-fossil-fuel-exploration-this-could-be-unlawful-245267>
"After reversing the ban on new offshore oil and gas exploration permits, New
Zealand’s coalition government is now considering whether to share the risks of
exploration with the fossil fuel industry.
This could mean taxpayers would compensate corporations if exploration is
unsuccessful. Resources Minister Shane Jones has stressed that no decision has
been made yet, but the government accepts commercial exploration for new gas
resources is unlikely without state support.
However, subsidising fossil fuel activities seems contrary to New Zealand’s
recent international commitment to phase out incentives for the industry. It is
also difficult to square with the government’s climate strategy to make clean
energy abundant and affordable for everyone, announced last week as part of the
second Emissions Reduction Plan for 2026–30.
Helping corporations potentially exploit new fossil fuel resources, thereby
adding greenhouse gas emissions, may also be contrary to the government’s
obligations under international human rights law."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
