Shane Jones: Resources Minister on reversal of oil exploration ban

Published: June 9, 2024, 8:43 p.m.

The government will look at ways to set up long-term security for investors,\xa0when it reverses an oil and gas ban.\xa0

Critics say this will be detrimental to the environment.\xa0

Resources Minister Shane Jones told Mike Hosking \u201cNo one is going to make a long-term capital commitment to New Zealand in the face of short-term commitments.\u201d\xa0

Jones said \u201cPotential investors are concerned there will not be confidence or security going forward.\u201d\xa0

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