Energy bosses say proposed legislation designed to tighten rules around the decommissioning of oil and gas wells, risks creating a shortfall in electricity generation.
They say the Crown Minerals (Decommissioning and Other Matters) Amendment Bill is a knee-jerk reaction to the collapse of Tamarind Taranaki - the owner of the Tui Oil Field - and it will scare off vital new investment in the sector.
Robin Martin reports.
