The bill amends the Crown Minerals Act 1991 to reverse the 2018 restriction limiting new petroleum exploration permits to onshore Taranaki and changes the Act's stated purpose from managing to promoting the Crown's petroleum and minerals estate. It also adjusts permit allocation, the decommissioning regime, and creates a new small-scale mining permit category.
Parliament advanced this bill under urgency (first reading) — moving it through faster than usual, with less time than normal for public submissions.
These are claims MPs made in Parliament’s debate — not verified facts.
This bill amends the Crown Minerals Act 1991, which governs how the Crown's petroleum and mineral resources are managed and permitted. Its central change reverses a 2018 restriction that stopped new offshore petroleum exploration permits and confined them to onshore Taranaki, so new oil and gas exploration can again be permitted more widely. It also shifts the Act's stated purpose from "managing" back to "promoting" development of the Crown's minerals estate, and adjusts permit allocation, the regime for decommissioning (safely shutting down) oil and gas fields, and creates a new category of small-scale mining permit.
It is a coalition Government bill reversing the previous Government's 2018 exploration ban. Supporters argue it improves energy security, supports gas supply as an alternative to coal, and aids regional economies and jobs. Critics, including environmental groups and the Parliamentary Commissioner for the Environment, argue it is a backward step on climate change, encourages fossil-fuel development at odds with emissions goals, and risks locking in investment that could become stranded.
See the Parliament.nz ↗ site for the full bill.