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New Zealand to revoke oil drilling ban amid fears of blackouts

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By Paul Homewood

 

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New Zealand was on Saturday night expected to revoke a ban on drilling for oil and gas amid fears of blackouts, as Labour plans to impose a similar crackdown on the North Sea.

The country’s coalition government is preparing to invite energy companies to resume exploration in the three major offshore fields that supply most of its gas.

It comes after National Grid operator Transpower was last month forced to warn families to limit their electricity usage to avoid a shutdown during a cold snap.

The decision to reverse the ban, made by resources minister Shane Jones, will be a setback for green activists and likely to be regarded as a blow for Labour after Ed Miliband has repeatedly pledged to halt new drilling for oil and gas in UK waters.

https://www.telegraph.co.uk/business/2024/06/09/new-zealand-brings-back-oil-drilling-amid-fears-of-blackout/


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