Proposed Regulations to support the Crown Minerals (Decommissioning and Other Matters) Amendment Bill

Last updated: September 7, 2021

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Proposed Regulations to support the Crown Minerals (Decommissioning and Other Matters) Amendment Bill

Published: September 7, 2021

Submitting To: Ministry of Business, Innovation and Employment (MBIE)

Issue for Business: Submission from BusinessNZ and BEC The focus is on the multiple layers of requirements introduced, sovereign risk issues, the effect on investment and likely impacts to energy security and affordability. Also restate our opposition to the perpetual liability issues created by the draft Bill, which holds permit and licence holders liable for decommissioning costs, even if they transfer out of a permit

Action: Submission close 7 September 2021. Comments due by close of business Monday 1 September 2021.

Link to document [PDF]

Tags: Oil and Gas

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