New Zealand bans deep sea exploration

Date: April 12, 2018

Source: news.com.au 

New Zealand Prime Minister Jacinda Ardern has announced the country is putting an end to deep-sea oil and gas exploration.

“There will be no further offshore oil and gas exploration permits granted,” Ardern in a statement on Thursday.

Energy Minister Megan Woods added that existing exploration and mining rights would be honoured and no current jobs would be affected by this decision.

“There are 31 oil and gas exploration permits currently active, 22 are offshore. These permits cover an area of 100,000 sq kms, nearly the size of the North Island, and run as far out as 2030 and could go an additional 40 years under a mining permit,” Woods said.

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