Government will review last remaining taxpayer supports for fossil fuel industries

The Green Party is glad special treatment for oil and gas industries has been winding down since this Government was elected and the last remaining taxpayer funded support measures for fossil fuel industries in New Zealand will be reviewed.

In the work program response to the tax working group report the ‘seven-year spreading’ provision, which officials have described as ‘least defendable’, as well as the future of the non-resident oil rig exemption will be reviewed.

“Special treatment for oil and gas industries has been winding down since this Government was elected”, Green Party spokesperson on energy Gareth Hughes said today.

“From 2008 to 2017, the total spend for special treatment for the fossil fuel industry was $237.7 million. It beggars belief that we would pour this amount of resource into an industry that is cooking the planet.  

“I’m proud that under this Government sponsorship of oil industry events have ceased, Government funded data packs have ended and R&D support is coming to an end.

“The Green Party has made these changes a priority and we want to see all support measures for fossil fuel industries come to an orderly end.

“For far too long, the oil and gas industry have benefitted from financial support measures which have encouraged fossil fuel exploration.

“Winding back financial support and tax breaks for the oil and gas industry helps builds a sustainable and low emissions economy whilst ensuring the wellbeing of our kids.

“I’m glad that this work programme includes a review of remaining measures so we can finally end the special treatment for the oil and gas industry”.

Latest Energy and Resources Announcements


Electricity market reforms needed

The Electricity Authority’s finding that an “Undesirable Trading Saturation” caused power prices to rise and extra fossil fuels to be burnt shows t...
Read More


Labour’s energy policy shows progress, but more action needed to protect the planet

The Green Party says Labour’s energy policy is a step in the right direction, but the Greens would go further and faster to meaningfully tackle the...
Read More


Stronger Green voice needed next term to stop more mining on or under conservation land

The Green Party is strongly opposed to MBIE’s decision to grant mining permits under public conservation land in the Coromandel.
Read More


Low-emissions options for heavy transport a step closer

Getting low-emission trucks on the road is a step closer with investment in infrastructure to support hydrogen vehicles, the Energy and Resources M...
Read More

Clean Energy Plan

The Green Party has always been clear that climate change needs to be tackled now, and we’ve done more in the last three years than the past 30 ye...
Read More


Clean energy

We know we need to go further and faster on climate action, which is why we’re proposing a plan to kick-start the transition to end the use of foss...