Archive for February, 2010

Local Government: Environment Canterbury Report Puts Local Government Performance In Spotlight

Environment and Local Govt Ministers Nick Smith and Rodney Hide need to move quickly - possibly as early as this week - to deliver a verdict on the future of the elected councilors at Environment Canterbury, after last week’s Govt-ordered investigation left the Canterbury regional body a virtual lame duck. The report makes grim reading, […]

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NZ Gas Exploration: Coal Seam Gas Prospects Beckon

L&M Energy, planning a merger with private sister company L&M Coal Seam Gas, could become NZ’s biggest coal seam gas explorer with 12 exploration permits and a market capital value of more than $100m. An independent report has valued LMCSG at about $118m, based one 173PJ 3P coal gas reserve at Ohai, Southland. The 3P […]

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Energy Business: “Devil’s Pact” On Conservation Land Mining

John Key has announced a kind of “devil’s pact” approach to mining on Dept of Conservation land by proposing a portion of the royalties from such activity should be diverted to a fund for special conservation projects. Described by Greens co-leader Russel Norman as “Orwellian” because it seemed to imply the environment could only be […]

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NZ Water Allocation: John Key’s New Secret Weapon In The Economic Battle – Water

As predicted in NZ Energy & Environment Business Week in our first edition this year, water is emerging as one of the key economic and environmental issues of 2010. While not the main theme of his agenda-setting speech to Parliament last week, John Key used the speech to make important noises about water, and used […]

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Rural Issues: PGGRC And AgResearch Map Methane Genome In Cows

The Pastoral Greenhouse Gas Research Coalition has achieved what it believes is a scientific first which should help in the search for genetic ways of reducing methane belching by cows and other ruminant animals, which account for almost a third of NZ’s GHG emissions. The research project has mapped the genetic information of one of […]

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Electricity Business: Fitch Sees Pressure On Electricity Retail Margins

The Fitch credit rating agency says electricity retailers will experience pressure on their profit margins in 2010, thanks to higher wholesale electricity prices, transmission system upgrade costs, and investment in new generation capacity. Over the longer term, Fitch expects wholesale electricity price changes to be driven by underlying increases in the capital cost of new […]

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Regulations: Smith Targets Looser City Limits In Phase 2 RMA Reforms

• Urban resources to be targeted
• High land prices a problem
• More work to be done
Environment Minister Nick Smith is signaling the Govt’s next round of environmental law reform will challenge the distorting impact of strict city boundaries on land and house prices. Smith says metropolitan and urban limits have “contributed to high increases in […]

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Rural Issues: Mackenzie Basin Call-In Was Inevitable

Environment Minister Nick Smith’s decision to call in the Mackenzie Basin intensive dairy farming resource consent applications was almost inevitable, given the huge public response to them and their potential to attract unwanted international attention to developments which could be used against NZ’s “100% pure” global branding. As is becoming the norm, however, it is […]

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NZ Politics: Fitzsimons Departure - Where To For The “2nd-Generation” Greens?

The departure from Parliament of former Green Party co-leader Jeanette Fitzsimons clears the ground for the new generation of the party’s leadership - Russel Norman and Metiria Turei - to demonstrate whether they have what it takes to continue the Greens’ significant impact on NZ environmental and social policy-making over the last decade. It’s a […]

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NZ Resources: Details Of Government’s Minerals Push Close To Unveiling

• Late Feb/early March for details
• DoC unhappy - public supportive
• Expect “very large” numbers
Energy and Resources Minister Gerry Brownlee is getting close to unveiling the detail of last August’s announcements of a Govt stocktake of the country’s mineral resources, including those resources known to lie under protected Dept of Conservation land. Brownlee was pleasantly […]

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