Chief Investment Officer for AMP Capital Investors, Keith Poore, has said today that crashing prices for coal and oil could present attractive buying opportunities for investors who want to make money from a fossil fuel industry that is destroying our climate. There’s money to be made by gaming climate change. Back in the real world, […]
New York City is going the way of California, Vermont, Massachusetts, and Connecticut by moving to divest from coal and reconsidering its investments in oil and gas. New York City Mayor Bill de Blasio this week called on his city’s $160 billion pension fund to divest from coal. Divesting from coal posed little risk to […]
A fuel spill that has coated at least one shag in oil and marred Tauranga Harbour shows how damaging offshore oil and gas exploration could be to the environment. At least one shag has been found with its body coated in oil from the spill, and teams have been out assessing the environmental impact. The […]
In a nutshell the Green Investment Bank will be a government-owned, for-profit bank. It will partner with the private sector to fund new projects ranging from renewable energy and biofuel production to new clean technologies. You can read the policy here.
This Election, voters have a very clear choice for New Zealand’s energy future: more fracking as National advocates, more risky deep sea drilling as Labour promotes, or more clean energy like solar that the Greens are pushing.
The World Wildlife Fund have today revealed that over $1 billion of New Zealanders’ pension and accident insurance money is invested in companies directly mining for coal, oil, and gas — companies who’s future profitability depends on burning fossil fuels that have to stay in the ground if we are to avoid runaway climate change. […]
New studies published in one of the most prestigious scientific journals Science, highlights the risks that fracking can cause and increase the likelihood of earthquakes. New Zealand is not called ‘the shaky isles’ for nothing and we need to be very careful about increasing the risk of earthquakes in our already earthquake prone country.
Never one to turn down an opportunity to welcome a foreign oil company to drill in 100% Pure New Zealand’s waters, John Key currently in Brazil, is encouraging the Brazilian company Petrobras to return.
The New South Wales government has announced a ban on all coal seam gas development within two kilometres of residential areas and industry clusters, such as horse breeders and wine producers, across the state. What can we learn from it in New Zealand?
Summer in Aotearoa means sun, sand, BBQs and beaches. But the beaches we love are under threat from deep sea oil drilling. Vote for your favourite beach to find out more.
The Parliamentary Commissioner for the Environment’s interim report on fracking entitled, “Evaluating the environmental impacts of fracking in New Zealand” was tabled today in Parliament.
Anyone else nearly choke on their Weet-Bix this morning listening to Steven Joyce on Morning Report?
Two positive developments out of the Hawkes Bay this week: Hastings District council has voted unanimously to take a precautionary approach when it comes to fracking, and a whānau has ‘locked their gates’ barring Tag Oil from fracking on their land; resulting in TAG Oil backing away from the proposed exploratory fracking well in the area.
Stuff reports that Solid Energy says it has discovered significant coal seam gas reserves in Taranaki, and acknowledges that it could face opposition from environmentalists if the methane gas is extracted using hydraulic fracturing – or fracking. It would be reckless for Solid Energy to commence fracking for coal seam gas given numerous overseas studies which have linked fracking to drinking water contamination, human health problems and earthquakes.
Today the Exclusive Economic Zone and Continental Shelf (Economic Effects) Bill (EEZ BILL) was reported back from the Local Government and Environment Select Committee. The bill regulates activities like drilling for oil and gas in the EEZ plugging a huge legislative and regulatory gap that the Greens have called for action on for years. It’s […]
A new report was released this week by the UK’s Department of Energy and Climate Change which confirmed that two earthquakes in the Blackpool area were caused by fracking. Along with a US Geological Survey report out last week it shows scientifically there is a link between fracking and human-induced earthquakes that should concern seismically-active New Zealand.
I’m hitting the road with Catherine Delahunty on the Mining our Future tour. We’ll be travelling New Zealand over the coming weeks setting out the Government’s broad “drill it, mine it” agenda. We are starting with the big centres then will tour the provincial areas most affected by drilling and mining.
Lucy Lawless, the ‘warrior princess’ and Greenpeace activists have boarded a drilling rig in Taranaki to stop it sailing to the Arctic to commence an exploratory oil drilling programme. What do you think?
The Ministry of Economic Development’s Briefing to the incoming Energy Minister predicts New Zealand could become a net exporter of petroleum by 2030 if new oil fields are developed. It’s a laudable goal to reduce our expensive dependence on foreign oil but it would be a lot smarter to invest in alternatives like better public transport, renewable electricity and sustainable alternative fuels.
Midday at Papamoa Beach Surf Club and the free sausage sizzle is competing with the donated cakes stall. A motley group of citizens is broken up into ten people clusters and decked out in the white overalls and blue rubber gloves. With spades and rakes we are packed off down the beach to start cleaning […]
As oil hits the shore I’d like to salute the hundreds of people working very hard to contain the spill and volunteers registering to clean up the beaches. It’s a deeply worrying situation especially with a severe weather warning issued. The Government and petroleum industry have gone on the defensive over the speed of the […]
Following is an extract from Hansard, recording an exchange I had with energy Minister Hekia Parata back in April. The question was asked at a time when iwi, hapu, environmental groups and others were trying to persuade the government that issuing permits for deep water drilling is a bad idea. David Clendon: What is the […]
A lot of New Zealanders have not yet heard about hydraulic fracturing (fracking), but many of those who do know something about it are worried, and rightly so! The technique is used to extract ‘unconventional’ oil and gas – that’s industry speak for sources of hydrocarbons that until recently were deemed too expensive or difficult to […]
This morning’s Dominion article about ‘boom times’ for the gas and oil exploration industry is an intriguing, even slightly funny, mix of boosterism, drum beating and dissimulation. The Chair of PEPANZ appears almost breathless with excitement as he seeks to fulfil the primary objective of his organisation, “to publicise, promote and advance the interests of […]
On Tuesday the Government released the final version of its backwards-looking energy strategy. Of passing note is the removal of any overt reference to lignite coal. Of course bioenergy could be code for it, or ‘alternative transport fuels’ (the Energy Outlook 2010 specifically cites lignite diesel as an alternative transport fuel with potential.) But basically […]
I recently learned to scuba dive at the Taputeranga Marine Reserve on Wellington’s wild South coast which has given me a whole new appreciation of our marine environment. In contrast to outside the marine reserve, life is flourishing with an abundance of fish, crabs and crayfish. We are so lucky to have places like Taputeranga […]
I live on an island close to the sea. The opening lyrics of Jess Chambers memorable song Island which featured in our 2008 election campaign will ring true with many. Our coastline features heavily in our recreational opportunities. Many of us yearn for a sunny day at the beach under a deep blue sky or […]
Another oil platform off the Louisiana coast has experienced an explosion and fire. Fortunately, no lives were lost and earlier reports of a mile long slick have been recanted.
Rachel Maddow has done a superlative job of pointing out the eerie deja vu that is this year’s Gulf of Mexico and Alaskan oil spills.
Everyone is watching the gulf of Mexico with horror after the Deepwater Horizon spill, a spill that started in April and just keeps on giving. Meanwhile, we keep hearing platitudes about how rare this sort of thing is and how safe oil drilling really is. But is it?
Who owns the oil in our Exclusive Economic Zone? What is at stake is quite significant. Crown Minerals testified to the Waitangi Tribunal in April that the Minister had failed to investigate Te Aupouri’s claim and also confirmed that this might be a violation of international law and the Treaty of Waitangi.
I have asked myself this question repeatedly over the last month or so, as things in the Gulf of Mexico seem to be going from bad to worse.
Geniuses at Oil Sciences have come up with a novel idea about how to stop the millions of barrels of oil from billowing into to Gulf of Mexico. And, you guessed it, they’ve put it up for sale to the highest bidder on Trade Me.
Use this handy tool to compare the size of the BP oil spill by placing an overlay on top of where you live: Needless to say, if a spill that spanned from the East Cape to Taranaki happened here, we would not cope well. Maritime New Zealand has just $12 million worth of oil spill […]
Sarah Palin never fails to warm the cockles of my heart. From her ever endearing wink to her seemingly clueless nature she always, always brings a smile to my face.
It seemed strange to have Minister Brownlee fawning all over Russel Norman during question time in the House yesterday, eager to stress how much he cares about oil drilling safety.
A major environmental and economic catastrophe has been unfolding in the Gulf of Mexico for about a week. No one knows how much oil is being leaked or for how long it will leak. It’s Sunday evening so I’m just going to brain-dump the links I’ve been reading this evening and come back to it […]
The latest from the IEA is hot of the press. I’m curious to see what they have to say this time around, because their stance on oil supplies has shifted quite a lot recently. They used to believe oil supplies would last for a long long time, but are now saying 2020 will be the […]
This oil rig has been spewing oil into the sea for eight weeks. Eight! At 400 barrels per day! The company at the centre of the oil spill, PTTEP Australasia, will have its third attempt at intercepting and plugging the leak tomorrow. Good luck guys! Look out for whatever’s causing that big plume of smoke! […]
Someone wise once said that the word is more powerful than the sword, and today’s Government statement could be seen as a desperate and venal attempt by the New Zealand Government to provoke Indonesia.