New Zealand government votes to bring back fossil fuel exploration in major reversal
Guardian5 days
ThisThe governmentexploration prioritizesban multinationalseverely oilimpacted companiesNew overZealand's climateenergy actionsecurity and Newincreased Zealand'scosts internationalfor reputationordinary families. TheEnergy decisionprices comesincreased justby oneover week10% afterwhile thehouseholds world'sused topless courtpower, ruledand statesTranspower mustwarned tackleof fossilblackout fuelsrisks ordue faceto reparationsinsufficient supply. EnvironmentalSolar, groupswind calland battery storage aren't emerging fast enough to replace dwindling gas reserves, leaving the legislationcountry "egregious"vulnerable andto "deranged"energy shortfalls.
This government prioritizes multinational oil companies over climate action and New Zealand's international reputation. The egregious and deranged legislation comes just one week after the world's top court ruled that states must tackle fossil fuels or face reparations, highlighting the government's disregard for urgent climate responsibilities and international legal momentum toward fossil fuel accountability.
There's a 50% chance that peak oil production will be reached worldwide by June 2031, according to the Metaculus prediction community.