25 Sep 2018

Current oil, gas permits will go decades - Megan Woods

From Morning Report, 8:10 am on 25 September 2018

The government is being accused of being reckless by failing to listen to its own advisers about the economic cost of halting new oil and gas exploration permits. The National Party say the decision to go ahead with a ban is "appalling". Legislation was introduced to Parliament on Monday despite the Ministry of Business, Innovation and Employment warning the move could cost New Zealand billions of dollars in lost tax and royalty revenue. Minister for Energy and Resources Megan Woods is in RNZ's Wellington studio. She talks to Guyon Espiner about oil and gas, and about the controversy around Derek Handley and the Chief Technology Officer role.