Labour would re-instate a ban on oil and gas exploration if it got back into power. . .
Labour was warned that 100% renewable electricity generation was too expensive and that banning oil and gas exploration wouldn’t work.
We had early proof of that when Labour was in power with increased imports of coal.
We’re still importing coal and have more proof with soaring electricity prices, threats of an energy crisis and business closures with the loss of hundreds of jobs but still Labour is saying it would re-instate the ban if it got back into power.
Labour is putting climate ideology in front of practical solutions and people. It’s continuing with the unsustainable policy that will leave us colder, hungrier and poorer.
That is rank stupidity and economic sabotage and a very good reason to ensure it doesn’t get back into power.
Ele Ludemann is a North Otago farmer and journalist, who blogs HERE - where this article was sourced.
We had early proof of that when Labour was in power with increased imports of coal.
We’re still importing coal and have more proof with soaring electricity prices, threats of an energy crisis and business closures with the loss of hundreds of jobs but still Labour is saying it would re-instate the ban if it got back into power.
Labour is putting climate ideology in front of practical solutions and people. It’s continuing with the unsustainable policy that will leave us colder, hungrier and poorer.
That is rank stupidity and economic sabotage and a very good reason to ensure it doesn’t get back into power.
Ele Ludemann is a North Otago farmer and journalist, who blogs HERE - where this article was sourced.
5 comments:
"Rank stupidity" describes the last and present Labour lot perfectly
It isn't just the jobs at the large plants that will be lost. Most large industrial firms indirectly employ the same number of jobs in local support businesses, sometimes more. If large plant is correctly mothballed when shut down, restarting it in the future in lengthy and expensive. If it isn't done correctly it quickly becomes impossible.
What most commentators on this issue fail to understand is that the marginal cost per barrel of oil from NZ offshore production is likely to be >80 USD which is cost, not final price so massively more expensive than if we imported it instead.
The ban was and is irrelevant because it was always a fools errand to try and produce such complex offshore fields.
So the good news is they won't be elected.
In the 1880s coal from Westport was found to be sufficiently good to supply the Royal Navy, and was widely used in Australasia, the Pacific, the Indian Ocean, South East Asia, and the Far East. Seems the coal is still in the ground but we are now reduced to importing Indonesian coal for domestic purposes because coal mining has been demonised. Sounds like a familiar story, given that we are now not allowed to go after the natural gas we know is down there so, like coal, will have to be imported instead. I wonder what damage that will do to the balance of payments, particularly since shortages are already causing a significant drop in the value of methanol exports from Methanex's Taranaki plants, and aluminium from the Tiwai Point smelter. And all to create savings in carbon emissions that are already miniscule by world standards and will be overwhelmed by the next third world coal power station that opens.
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