How the $1.2b gas loan gamble could reshape big industry’s energy use
The Government's announced a $1.2 billion gas transition loan scheme – a big bet on keeping some of New Zealand’s most gas hungry businesses afloat.
Finance Minister Nicola Willis says the government will guarantee 80% of each loan, with about $48 million set aside to cover potential losses.
It’s being framed as a lifeline: help gas‑heavy manufacturers and processors stay open, protect jobs, and ease pressure on a shrinking and increasingly expensive fuel.
But behind the headlines, big questions remain.
Who really benefits, who foots the bill, and will any of this cost creep…
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