Aotearoa has long been an opponent of fossil fuel subsidies. In 2010 we joined the Friends of Fossil Fuel Subsidy Reform. In 2015 we reviewed our policies to eliminate subsidies following advice from APEC. In 2021 we "lead the call" for subsidy reform at the WTO. And at COP29 just last month we joined the International Institute for Sustainable Development coalition against fossil fuel subsidies. So naturally, Shame Jones wants to overturn all that and is considering directly subsidising gas exploration:
The oil and gas lobby has asked the government to underwrite the risk of fossil fuel exploration, with the taxpayer potentially taking "some or all" of the risk if new gas supplies fail to eventuate.I don't even know where to start with this. It's stupid. It's immoral. Its effectively subsidising ecocide. It is simply not something any government should be doing. But Jones' mind is stuck in the past, when oil and gas were the future (rather than the threat to it), and he can't see past the idea of winning the fossil fuel lottery (and those big industry donations).Resources Minister Shane Jones says he is considering options to support gas exploration, but "no decisions have been made either way".
However, Shane Jones' response to RNZ's query about the industry's request suggested the government had not ruled out some form of intervention.
OTOH, MFAT's page on fossil fuel subsidy reform provides an argument that even this government might listen to: trade. Both the UK and EU FTA's include provisions against fossil fuel subsidies, and we have literally just signed the Agreement on Climate Change, Trade and Sustainability with a group of other small nations which bans them - including (very explicitly) the exact policy Jones is considering.
National may want to publicly set fire to our reputation on the world stage, void key trade deals, and ensure we can never sign another one (because what fool would sign any deal with a country which is so obviously two-faced and breaks its word the moment it is given). But I don't think the rest of us would think that that's a good idea. As a small peaceful country, our foreign policy is of necessity mana-based. Jones would destroy that. We shouldn't let him.
