This shows the value of the government's offshore exploration ban in strangling the fossil fuel industry. There are now only five active offshore exploration permits: five off Taranaki, and two off Raglan. And every permit surrendered makes it that much harder for this criminal industry to spread costs to drill the rest, meaning an increasing chance that they too will be abandoned and surrendered. But that's not enough: we need to stop extracting from existing wells as well. Its time to give the market certainty to invest in a fossil-free future and build the renewable generation necessary to electrify industry. And the way to do that is to set a firm sunset date on fossil fuel extraction.