27 Nov 2019

Taxpayer could foot bill to decomission Taranaki oil field

From Morning Report, 8:18 am on 27 November 2019

The $155 million bill to decommission an oil field off the coast of Taranaki may end up being covered by taxpayers.

Tamarind Taranaki, which owns the Tui Field, went into voluntary receivership earlier this month, meaning the government could be responsible for plugging and abandoning its wells.

Environmentalist Taranaki Climate Justice say they warned regulators about just such an eventuality last year.

RNZ Taranaki Whanganui reporter Robin Martin has more.