New Zealand government votes to bring back fossil fuel exploration in major reversal
Guardian5 days
The exploration ban severely impacted New Zealand's energy security and increased costs for ordinary families. Energy prices increased by over 10% while households used less power, and Transpower warned of blackout risks due to insufficient supply. Solar, wind and battery storage aren't emerging fast enough to replace dwindling gas reserves, leaving the country vulnerable to 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.
ThereThe exploration ban severely impacted New Zealand's aenergy 50%security chanceand thatincreased peakcosts oilfor productionordinary willfamilies. beEnergy reachedprices worldwideincreased by Juneover 203110% while households used less power, accordingand Transpower warned of blackout risks due to insufficient supply. Solar, wind and battery storage aren't emerging fast enough to replace dwindling gas reserves, leaving the Metaculuscountry predictionvulnerable communityto 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.