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Big companies might leave, warns oil sector

Wednesday 20 Feb 19 10:00am

 

CUTTING CARBON subsidies for trade-exposed heavy emitters could see large companies leave the country, says the oil and gas sector.

The Petroleum Exploration and Production Association of New Zealand, which yesterday released a report saying the Government’s partial ban on new oil and gas exploration could cost the economy $28 billion, says that the allocation of free carbon credits to emissions-intensive exporters should not be phased out yet.

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