Greenpeace: mining sector gets easy ride

Greenpeace’s executive director Bunny McDiarmid
David Robinson, the CEO of Petroluem Exploration and Production Association

The Government is bending over backwards to help the oil and gas sectors at the cost to taxpayers, says Greenpeace’s executive director Bunny McDiarmid.

Speaking on TV3’s The Nation, Ms McDiarmid said the government had invested $20 million so far to attract oil companies, had spent $46 million in tax breaks, and was passing legislation to make it easier for the companies to set up in New Zealand.

“The New Zealand Government is making it incredibly easy for these guys to get in, incredibly easy to take all their profits away.

But Chris Baker, the CEO of Straterra which advocates for mining companies, disagrees that the mining sector has it made.

“There’s nothing easy in the ride, and there’s nothing mutually exclusive about the options that we’ve got if there’s an economic case for more investment in geothermal energy,” said Mr Baker.

David Robinson, the CEO of Petroluem Exploration and Production Association (PEPANZ), said New Zealand had the best regulations in the world.

“The reality of our industry is we have to jump through so many hoops to go and drill a well, it’s not funny.”

He also dismissed Ms McDiarmid’s claim that offshore explorers get preferential treatment through legislation

He said the industry contributes greatly to the national economy, and New Zealand was in competition with every other nation around the world for the explorer’s dollar.

“There are plenty of other places around the world to explore for oil, and every country that has it tries to get it out and use it.”

But Ms McDiarmid said the Government should be investing in other areas to create a clean energy economy which allowed New Zealanders to keep the money in the country.“We’re at a point in our economy where we have to make choices about where we put a limited amount of our financial investment.

“Why would we choose to put it into deep sea oil when we have the world class clean energy resources here?”

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Perhaps we should look at resource nationalism measures in other jurisdictions, and any restrictions the TPP agreement may place on their future employment in NZ: http://www.ey.com/GL/en/Industries/Mining---Metals/Business-risks-facing...

There are sound reasons for quantifying costs of resource depletion in the national accounts and taking steps to secure benefits for future generations over the life of any project: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1089... Depletion of natural capital a cost to all (Brian Fallow) Putting a value on ecosystems and the environment is essential to bolster conventional economic measures.

Project returns and risks. Any projects undertaken should endeavour to hedge against future risk to national cost-benefit. Countercyclical and worst-case scenarios could be included.
- Australia is facing reduced demand for its thermal coal due to competition from more-easily and cheaply exploitable Indonesian fields.
- Some of the Maui gasfield Think-Big projects based on oil price projections turned out not to be economic.

The Think-Big projects were assessed on the basis of national benefit, including all downstream benefits. Perhaps the assessment of costs and risks was insufficient. We should learn from its history:
http://www.techhistory.co.nz/ThinkBig/Petrochemical%20Decisions.htm

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I guess I am for more wealth for the country and therefore a more comfortable lifestyle for myself. In this matter Green peace opposes that goal. Listening to others, Government has good measures in place to ensure we are as safe as practical.
Move on Green peace, perhaps to the Middle East, they need you, we don't.

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Does the greenpeace uses canoes or boats run by renewal energy to protest against whaling ?

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If we shut down mining we could not afford the luxury of outfits like Greenpeace. Everyone would be too busy scratching for a living.
Their organsistion depends on the wealth generated by mining for its vey existence.

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Greenpeace and the Greens get a free ride from the MSM. I don't see Bunny complaining about that.

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