New Zealand puts cap on offshore oil and gas exploration - no new permits granted

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New Zealand bans all new offshore oil exploration as part of 'carbon-neutral future'
The New Zealand government will grant no new offshore oil exploration permits. The ban will apply to new permits and won’t affect the existing 22, some of which have decades left on their exploration rights and cover an area of 100,000 sq km.
The prime minister, Jacinda Ardern, said her government "has a plan to transition towards a carbon-neutral future, one that looks 30 years in advance”"
The Labour coalition government was elected last year and made tackling climate change one of the cornerstones of its policies, committing to transition to 100% of electricity generation from renewable sources by 2035 and making the economy carbon neutral by 2050.
Last month Ardern accepted a 50,000-strong Greenpeace petition calling for an end to offshore oil and gas exploration.

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Image courtesy 123RF / Radio New Zealand