The New Zealand government just announced that will no longer grant any new offshore oil exploration permits.
The country’s efforts is to reduce carbon emissions that contribute to global warming.
Prime Minister Jacinda Ardern said:
“When it comes to climate change, our plan is clear. We are committed to the goal of becoming a net zero emissions economy by 2050.”
Mayor Neil Holdom said:
“This announcement sends a message to some of Taranaki’s major investors and employers that they do not have a long-term future in New Zealand.”
The country imports more oil than it exports.