MBIE said oil and gas exploration ban will increase greenhouse gas emissions

Stuff reports:

One document on the existing rights of exploration permits shows that officials at the Ministry of Business, Innovation and (MBIE) warned the move would “run counter to a number of important public policy objectives”, official James Stevenson-Wallace wrote.

The decision would have a “negligible impact in reducing domestic greenhouse gas emissions but a likely increase in global greenhouse emissions”.

Stevenson-Wallace said could come as a result of methanol which is currently produced from gas in New Zealand being replaced by methanol produced from coal in China.

So really this decision wasn't about the . In it is bad for the environment. It was about allowing the PM to virtue signal internationally.

8,000+ jobs will cease to exist, and greenhouse gas emissions will increase. A double whammy.

MBIE also warned that the move was likely to lead to higher gas prices and reduce security of supply “at a time when New Zealand has its lowest reserve to production ratio since…2003”.

That's okay. We'll just import more from China!

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