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flag New Zealand considers compensating oil and gas firms, risking climate goals and human rights laws.

flag New Zealand's government is considering allowing taxpayers to compensate corporations for unsuccessful offshore oil and gas exploration, which could conflict with its international commitments to phase out fossil fuel incentives and its climate strategy to promote clean energy. flag This proposal may also violate human rights laws. flag The Climate Change Commission advises a more ambitious "net negative" emissions target, emphasizing the need for more renewable energy investment over new fossil fuel exploration.

4 months ago
6 Articles