Latest / Best of Business / Perspective with Ryan Bridge: Why are the oil and gas companies scared to invest in us?

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Perspective with Ryan Bridge: Why are the oil and gas companies scared to invest in us? · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk zed B.
• 0:12
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• 0:16
  Speaker 2: First, we'll start with oil and gas. There are two
• 0:18
  Speaker 2: ways you can look at today's announcement. I reckon. This
• 0:21
  Speaker 2: is the Aussie outfit n Z. They're called Enz Energy.
• 0:24
  Speaker 2: They've been given the nod to go have it a
• 0:25
  Speaker 2: look see off the coast of Tartanaki. It's important because well,
• 0:30
  Speaker 2: they're the first company to be given this right since
• 0:32
  Speaker 2: the Adourned band. But there's already talk online about the
• 0:36
  Speaker 2: fact that this was the only application for this particular permit.
• 0:41
  Speaker 2: There was nobody else applying for this permit one and
• 0:43
  Speaker 2: it's a startup out of Australia. Now, you could say,
• 0:48
  Speaker 2: and some are saying, this proves the point that there's
• 0:50
  Speaker 2: not much interest in therefore, why bother anybody Anyway, What
• 0:53
  Speaker 2: I actually think it tells you is that people are
• 0:56
  Speaker 2: bloody scared of the band coming back, and with good reason.
• 1:00
  Speaker 2: Labor in the green say that they will bring it back.
• 1:02
  Speaker 2: I asked someone in the sector about this and they said,
• 1:06
  Speaker 2: when that bullshit goes quite, when that bullshit goes away,
• 1:10
  Speaker 2: will get more interest. There's apparently another handful of permits
• 1:14
  Speaker 2: that have been applied for though not granted yet. But
• 1:17
  Speaker 2: this Aussie startup is the first and they're basically the
• 1:20
  Speaker 2: guinea pig. They are the test run. It's a small
• 1:23
  Speaker 2: step on what will be a very long road to
• 1:25
  Speaker 2: rebuilding an industry that's basically in pieces on the chopping
• 1:29
  Speaker 2: room floor. The fact is labor doesn't need to be
• 1:32
  Speaker 2: sitting on the treasury benches to have power over industry.
• 1:36
  Speaker 2: They have it now though what corporates call a regulatory risk,
• 1:41
  Speaker 2: and they don't like those very much. My question to
• 1:44
  Speaker 2: Hipkins and Co. Is pretty simple. This afternoon, New South
• 1:48
  Speaker 2: Wales has just gone to market on two tenders for
• 1:52
  Speaker 2: offshore gas exploration. Why should they get the jobs and
• 1:57
  Speaker 2: not us? Why should they get the royalties and not us?
• 2:01
  Speaker 2: Why should they get the company tax and not us?
• 2:04
  Speaker 2: What is the point in being cool on the climate
• 2:07
  Speaker 2: when even our nextdoor neighbors are doing the exact opposite.
• 2:11
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