The Electricity Commission makes no attempt at its own salvation in its submission to the electricity market review, beyond pointing out it is already working hard on most of the most complex areas of recommendations. The EC also expresses a fear that the Commerce Commission will prove the wrong place to judge national grid investment […]
John Key and Climate Change Negotiations Minister Tim Groser are growing increasingly optimistic NZ’s initiative to create a global research consortium into agricultural greenhouse gas mitigation will bear fruit. Both Ministers gave the initiative a strong push in UN food security and climate change talks in New York last week, and Groser says heavy-hitters including […]
The Emissions Trading Scheme Bill is scheduled to return to Parliament this Thursday, and the Govt will be wanting to make the deadline because Parliament doesn’t sit again after this week until October 13. Climate Change Minister Nick Smith will be wanting Select Committee hearings well under way and possibly even wrapping up by about […]
Listed NZ Oil and Gas is outlaying about $40m in an ambitious exploration programme this summer, participating in offshore wells to be drilled by two different rigs. The company, which reported a profit of $53.2m for the June year largely because of its share in the Tui oil field’s production, has taken a 40% stake […]
Environmentalists concerned by a rush to extraction may take heart, however, from the skills shortage which would almost immediately kick in if a significant increase in geological prospecting and mine development happens. It is already an issue in Australia, where up to $A70bn needs to be spent in the next 10 years on electricity and […]
Meridian Energy proposes the Govt require all electricity generators to bid a fixed proportion of their available generation into an electricity futures market to improve security of supply and hedging arrangements, both of which were found wanting by the Ministerial review. This may be a lower cost route to achieve the desired outcome than swapping […]
Gold miners say an accord with environmental groups on the Coromandel and Govt stock take of resources on conservation land may offer a fresh opportunity for the industry. A recent Institute of Geological and Nuclear Sciences report says the Hauraki gold field which stretches down the Coromandel Peninsula to Te Puke has potential gold and […]
The dairying Crafar family was a source of acute embarrassment for Federated Farmers and the Fonterra Shareholders Council last week. Fined $90,000 for failure to manage effluent on one of their farms, the Crafars reacted by claiming they had been persecuted by regulators and cited previous similar convictions as proof. They then threatened to sell […]
• Watered-down ETS a credible start.
• Treaty assets detail undecided.
• Deal hands Labour a political weapon.
John Key and his Climate Change Minister Nick Smith have delivered a credible, if weak, first step towards NZ reducing its greenhouse gas emissions, in a deal stitched up with the Maori Party which has yet to have the details […]
MightyRiverPower couldn’t contain its glee both at nabbing 33,000 new customers, mainly from Contact Energy, and posting a record profit, notwithstanding the widespread public belief that power companies are a licence to print money. MRP’s net profit of $159.6m was up $48.7m on the previous year, partly because the 100MW Kawerau geothermal plant came on-stream […]
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