New Zealand Reopens Doors for Offshore Oil Exploration Amid Environmental Concerns

New Zealand's parliament has approved legislation reversing a previous ban on offshore oil and gas exploration, set in place by ex-Prime Minister Jacinda Ardern. Effective starting this September, companies will be able to seek permits for petroleum exploration in regions like Taranaki, igniting disputes over environmental impacts.

Environmental groups have criticized this shift, seeing it as a backward step in the country's renewable energy transition. Green Party Climate spokesperson Chloe Swarbrick expressed disappointment, condemning the government's preference for fossil fuels over sustainable energy sources.

This policy change aligns with the conservative government's agenda under Prime Minister Christopher Luxon to undo Labour's measures, including promoting natural gas and accelerating mining projects. Resources Minister Shane Jones emphasized the need for energy security and investment in local reserves.

(With inputs from agencies.)