New Zealand's oil industry seeks government backing for fossil fuel exploration, facing green opposition.

New Zealand's oil and gas industry is asking the government to underwrite the financial risks of fossil fuel exploration, with taxpayers potentially covering any losses if new gas supplies don't materialize. The Green Party has criticized this, advocating for investment in renewable energy instead to lower energy costs. The government is considering the request but has not made a decision yet.

December 01, 2024
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