Spending more than $110,000 of taxpayers’ money to try and attract big oil companies that have already turned their back on mining in New Zealand is a “total waste of money”, Green MP Gareth Hughes says.
Figures sent to Hughes by Energy Minister Judith Collins reveal $111,331 was spent by the Government on marketing and promotions for the most recent block offer for oil exploration last year.
Of that figure, $42,000 was spent on overseas travel, $3200 on local travel and the rest on marketing.
Hughes said given only one permit was awarded in Block 2016 to New Zealand company, Todd Energy, it defied belief that so much money would be spent on attracting offshore companies.
Interesting to see the Green party arguing that it is the lack of return on investment that should see us back out. That’s as unique as it’s deceitful. Read more »