OPERATIONS

New Zealand halts offshore block offers

NEW Zealand Prime Minister Jacinda Ardern today has an end to future offshore block offers while her governing coalition is in power as step towards the small nation being carbon neutral by 2050, and the move has been greeted by both dismay and joy.

 NZ PM Jacinda Ardern

NZ PM Jacinda Ardern

Onshore exploration block offers in the Taranaki Basin, currently the only part of the nation where oil and gas is extracted, will continue for at least three more years, but not in protected areas.  ...

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