New rules for ocean oil exploration
In compliance with the latest drilling safety rules following the Gulf of Mexicodisaster Environmental impact assessments will have to be submitted to the Environmental Protection Authority (EPA) from today for oil and gas drilling in New Zealand's ocean territory, the Government has announced.Operators will also need to comply with the latest drilling safety rules developed in the United States following the inquiries into the Gulf of Mexico disaster.Environment Minister Nick Smith said the rules were interim measures until new legislation was enacted.He has introduced a bill to Parliament to manage the environmental effects of activities in New Zealand's Exclusive Economic Zone (EEZ) and Extended Continental Shelf (ECS).It will have its first reading next month, go to a select committee for public submissions, and be passed in the first half of next year, if National wins the November election.Opposition parties have been pressing for rules around oil exploration and Dr Smith said his bill was part of the Government's agenda to grow the economy while ensuring the environment was protected."This legislation puts in place a robust system of environmental controls for the huge ocean and seabed area 20 times that of New Zealand's landmass that is currently unregulated," Dr Smith said."This ...
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