New Zealand's government plans to reverse its oil and gas exploration ban for energy security and economic growth.
New Zealand's government plans to reverse its ban on oil and gas exploration, as Minister for Resources Shane Jones confirms the decision. Natural gas reserves are declining, and sustainable energy sources like wind, solar, and hydro are deemed insufficiently consistent. The government aims to increase access to natural gas to keep electricity prices under control, ease the cost-of-living crisis, and grow the economy with international investment.
June 08, 2024
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