Experts call NZ First's $1 billion oil and gas policy 'high-risk'
New Zealand's NZ First party announced at its weekend campaign launch that it would invest in a 'National Subsurface Development Survey.' Experts described the roughly $1 billion plan as a 'very high-risk way to spend' public money.
New Zealand's NZ First party announced at its weekend campaign launch that it would invest in a 'National Subsurface Development Survey' aimed at exploring oil and gas resources.
Experts described the roughly $1 billion plan as a 'very high-risk way to spend' public money, with criticism focused on the uncertain returns and the scale of the cost involved.
The party has not yet issued a detailed public response to the criticism. The debate is expected to feature prominently in New Zealand's energy policy discussions ahead.
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