web analytics

MoT reveals massive budget shortfall from peak oil

Written By: - Date published: 7:33 am, February 4th, 2012 - 36 comments
Categories: energy, transport - Tags: ,

Almost missed among all the blacked out paragraphs of the Transport Briefing to the Incoming Minister are 2 interesting graphs. While not explicitly mentioning peak oil, the graph of the National Land Transport Fund shows a massive shortfall in revenue in a ‘high oil price, low growth’ scenario. The other shows how low-quality National’s highway spending is.

Now, the ‘high oil price’ in the scenario is not actually a high price – it’s $173 a barrel (in 2010 dollars) in 2030. That’s a 100% increase in 19 years. For comparison, there’s been a 187% above-inflation increase in the last decade and 300% increase in the last two decades.

And the ‘low growth’ is 1% below Treasury’s long-term assumption of 2%. Again, average growth of 1% is hardly outlandish: the average in the last decade was 1.5% and in the last five years growth has averaged 0.5%.

A 100% increase in oil price and growth only cut by 1% per annum is an optimistic outlook in the peak oil future. As the world’s available supply of oil diminishes and more and more of it is tied up by domestic consumption in producer countries and local-term supply contracts to China, the price will rise much more rapidly than that – all that will constrain them is demand destruction in the form of successive recessions and anemic recoveries (we’re already in this cycle, in case you haven’t noticed).

So, this is the Ministry of Transport’s ‘weak peak oil’ projection. And look at what it does to the revenue coming into the NLTF:

That’s a $15 billion shortfall by 2030, over 20% of the projected spending on transport in that period. The annual shortfall will be more than $1.5 billion by 2030.

And this, remember, is a weak peak oil scenario.

The smart money would be in using the resources we have left to build a less oil dependent (and to an extent than means less transport dependent) economy. Unfortunately, we’re using the money to build highways to nowhere instead. Here’s another graph from the MoT BIM showing the Benefit:Cost ratios of the government’s state highway spending:Still think those ‘Roads of National Significance’ are money well spent?

36 comments on “MoT reveals massive budget shortfall from peak oil ”

  1. james 111 1

    Another week, yet another peak oil prediction from James H ! yawn yawn yawn

    • lprent 1.1

      What prediction? Did you read the post?

      Evidentially not…

      • Colonial Viper 1.1.1

        evidently james 111 thinks that drowning is a yawn. Right up until minute 3 1/2.

        • Bored 1.1.1.1

          We will take gratuitous pleasure watching James fall off his bike as he comes to the sealed end of a road to nowhere. Better get some practice in on the velocoped Jimmy because techno narcism or not you wont be driving in 20 years.

          • james111 1.1.1.1.1

            Bored intresting comment road to nowhere. Electric cars go on roads, Your cart and donkey can go on a road. Your Solar powered bike could go on a road. Peak oil has been reached really. They are finding copious quantities of oil all the time.

            Russia is extracting Oil from 40000 feet below the surface. Having worked on Oil rigs off North West Shelf , Taranaki ,and Great South Basin I kno there are huge amounts of oil still around that havent even been touched because it was to deep for production platforms.

            You and your ilk will protest every time they try to drill because it proves your theory wrong.
            Remember Global Warming yes thats right the world was warming up at an alarming rate.

            Then the climate activists found it was actually going in to a cooling phase,and couldnt explain it away despite trying to destroy evidence ,and eamails by corruption all well documented.

            Now we have to call it Climate change because the name covers a multitude of sins gives them something to hide behind whilst they still get their research funding. Its all a big game Bored ,and you are one of those being played just like James H

            • Colonial Viper 1.1.1.1.1.1

              Russia is extracting Oil from 40000 feet below the surface. Having worked on Oil rigs off North West Shelf , Taranaki ,and Great South Basin I kno there are huge amounts of oil still around that havent even been touched because it was to deep for production platforms.

              You’re quite right. The world will never run out of oil.

              Just oil that we can afford. At $3/L petrol, millions (probably tens of millions) of car kilometres are going to disappear off NZ roads annually.

              And look what Greece is facing today – petrol prices which hav doubled in just three years. Over 5% of Greece GDP is now spent importing oil (much of it from Iran), and of course that is 5% less GDP which can be put into debt repayments and social services.

              http://www.zerohedge.com/news/europe-celebrates-its-latest-recession-record-high-gas-prices

            • Lanthanide 1.1.1.1.1.2

              Do some reading, educate yourself, james:
              http://physics.ucsd.edu/do-the-math/2011/11/peak-oil-perspective/

              Of course I don’t expect you’ll actually make the effort.

              • james111

                Lanthanide thanks I have read it in regards to the sarcasm I probably read a bit to much for you ,and just dont believe what I am being spoon fed by activists. The telling comment is the one below, and I quote ” Since 1946 For every 3 tonnes of oil we are consuming we are finding 5 tonnes hmmmmm interesting.

                If hydrocarbons are renewable-
                then is “Peak Oil” a fraud?

                by Joel Bainerman 31 Aug, 2005

                The question is critical due to the enormous amount of coverage the issue of “Peak Oil” is receiving from the mainstream press. If the supply of hydrocarbons is renewable- then the contrary to the conventional wisdom being touted throughout the mainstream press today- the world is NOT running out of oil.

                Professor Emmanuil Chekaliuk told the conference on Petroleum and Petroleum Geology in Moscow that:

                “Statistical thermodynamic analysis has established clearly that hydrocarbon molecules which comprise petroleum require very high pressures for their spontaneous formation, comparable to that required for diamond…

                To suggest that hydrocarbon molecules spontaneously evolve in the regimes of temperature and pressure characterized by the near-surface of the Earth, which are the regimes of methane creation and hydrocarbon destruction, does not even deserve consideration.”

                Contrarily, the statistics of the international petroleum industry establish that, far from diminishing, the net known recoverable reserves of petroleum have been growing steadily for the past fifty years. Those statistics show that, for every year since about 1946, the international petroleum industry has discovered at least five new tons of recoverable oil for every three which have been consumed….

                As Professor P. Odell of the London School of Economics has put it, instead of “running out of oil,” the human race by every measure seems to be “running into oil”…. Continues

                posted by FintanDunne

                • Colonial Viper

                  Those statistics show that, for every year since about 1946, the international petroleum industry has discovered at least five new tons of recoverable oil for every three which have been consumed….

                  Misleading. But lets humour you for a moment longer.

                  Recoverable oil is not the same as ‘proven reserves’.

                  Currently the world consumes approx 84Mbb/d. In a 30 day month that’s 2.5B barrels consumed.

                  Your bullshit quote claims that 5 new recoverable barrels of oil have been discovered for every 3 which have been consumed. In other words, that 4.2B bb/m of new oil is being discovered on a monthly basis. Where, haha?

                  • RedLogix

                    I think you’ll find that the fly in the ointment is the date 1946. I can’t be arsed googling it right now but from memory the great bulk of oil discoveries were made in the immediate post-WW2 era up until about the mid-60’s.

                    New discoveries peaked some 30-40 years before consumption did.

                    So while the statement itself may be true it’s hugely misleading because it doesn’t tell you anything useful. If you used a later date …like 1980 for example… you’d get a completely different answer.

                • Draco T Bastard

                  Since 1946 For every 3 tonnes of oil we are consuming we are finding 5 tonnes hmmmmm interesting.

                  No, it’s not interesting, it’s pure delusion. Oil discoveries peaked in the 1960s and have been declining ever since. For the last decade we’ve been using about 4 times more than what we discover.

            • Draco T Bastard 1.1.1.1.1.3

              You’re the one being played james111. You actually believe the bullshit that you’ve been told despite the fact that it’s been proven to be bullshit. I’ll take just one of the lies that you spouted:

              Then the climate activists found it was actually going in to a cooling phase,and couldnt explain it away despite trying to destroy evidence ,and eamails by corruption all well documented.

              See, all of the shit that came out of Climategate was lies as the reports that vindicated them shows.

              Eight committees investigated the allegations and published reports, finding no evidence of fraud or scientific misconduct.[14] The scientific consensus that global warming is occurring as a result of human activity remained unchanged by the end of the investigations.

              The fact that you’re still spreading these lies as if they’re gospel proves that you’re just not worth listening to because you’re a fuckwit.

    • wtl 1.2

      Ahhh! So you still think most of the biomass of the planet was in the form or large animals, like dinosaurs? And obviously this proves that everyone else is wrong and you are one of the few people who knows where oil REALLY comes from?

    • I don’t know what is worse about james 3, his obnoxious trolling or his stupidity.  

      • McFlock 1.3.1

        I find his comment “I probably read a bit to much for you ,and just dont believe what I am being spoon fed by activists” endearing. The way he immediately follows it with a cut&paste job. Not only does he obviously expect us to believe what he is actively spoonfeeding, he didn’t even remove the “posted by FintanDunne” line – he’s cut&pasting a cut&paste and expecting people to believe that he sn’t a victim of activist spoonfeeding. As it is he looks like postmodern satire of tory morons, the Borat or Ali G of NZ blogs.
          
        He could have at least googled the original article (the author seems to tick the majors “nutbar” boxes. Eager to lecture, won’t just tell you what governments and academics want you to hear, yadda yadda).
         

    • Draco T Bastard 1.4

      Peak Oil was predicted for 50 years and then it happened as predicted thus it’s no longer a prediction. And, no, that perfectly flat blue line after the peak isn’t going to happen. The fact that it’s perfectly flat should tell even you that it’s the IEA grasping at straws.

  2. muzza 2

    “Unfortunately, we’re using the money to build highways to nowhere instead.”

    Big Oil – big corruption, big proaganda, big revenues to protect, and even bigger lies to protect them with!

    • Colonial Viper 2.1

      The cliff is right ahead of our civilisation. And the incentives, mindset, and bias built into our current system of crony capitalistic society says to us “…just push the pedal down a bit harder”.

      • muzza 2.1.1

        Agreed, and one could debate hard that its being done on purpose!

        Change is not possible when lies are the standard MO!

  3. Colonial Viper 3

    Japan experiences first trade deficit in 31 years, driven by peak aging and Fukushima pushing up the economic costs of imported fuel use.

    http://www.telegraph.co.uk/finance/economics/9036792/Ageing-Japan-faces-chronic-trade-deficit-after-Fukushima.html

    For those of you who understand that Japan’s massive budget deficit and massive public debt has been funded for the last 20 years by its (now historical) trade surpluses, and that Japan’s aging population now means that fewer Japanese are going to be lending the Japanese Government more money, but will in fact be taking money out of the Japanese Government by cashing in their government bonds to pay for their retirement (cash that the Japanese Government does not have as they already spend 49% of their tax income servicing existing debt. Put another way, if the average cost of Japanese borrowing doubles from 1% p.a. to 2% p.a., Japan’s entire government tax take will be wiped out), you’ll realise that we are well and truly in the end game.

    James: I believe that the title of your piece could just as well been

    “MoT reveals massive budget shortfall post peak oil”

  4. Spam 4

    Big Oil – big corruption, big proaganda, big revenues to protect, and even bigger lies to protect them with!
    When you say “big oil”. to whom are you referring?

    • Bored 4.1

      I suspect the big oil companies, auto companie setc etc…my take is that the “corruption” is systemic rather than deliberate i.e we are all implicated because we live within the model of modern fuel use and wont do anything about it. Who really wants to give up the car, the air con, the IPod etc etc? Who really wants to be told the party is over?

  5. DH 5

    “Still think those ‘Roads of National Significance’ are money well spent?”

    I thought Labour missed a good opportunity to hit back at National over these roading projects. Fiscally they don’t make much sense, the economic returns from new roads take a very long time to eventuate and we’re running an operating deficit. They’re certainly nice to have but the country also can’t afford them at the moment. They will make no contribution to bringing us back into surplus, wrong time frame for that, so why have they persisted with these large capital projects when the borrowing to fund them sends us further into debt?

    • Draco T Bastard 5.1

      Because borrowing to fund them sends us further into debt making it easier to turn us all into serfs. NAct do have a plan it’s just not one that has the benefit of NZ at its heart.

      • Bored 5.1.1

        I have had no doubt that for years that financial and corporate interests have distorted the economy to their own interests and that this is reflected in the infrastructural manner in which we operate.

        I would hazard that “happy motoring”, and in particular trucking loads for overnight delivery etc will be a thing of the past by 2025. We will be using more rail and shipping and will become more localised. The real point of the article was to challenge the projections and consequent spending: the tragedy is that we can and should build trains and ships here, powered by hydro and wind energy.

        My vision would be less cash leaving NZ via oil imports, trains and boats manufactured locally by state owned entites and private sector contractors, all local. Profits and jobs kept here in NZ…..heresy I know for which the great Invisible Hand will forever damn me.

        • Colonial Viper 5.1.1.1

          I would hazard that “happy motoring”, and in particular trucking loads for overnight delivery etc will be a thing of the past by 2025.

          What you have to look at are volumes; stuff will still move on the roads but it will end up being smaller and smaller volumes of higher and higher priority goods. Everything else can go snail mail.

          Coastal shipping and rail will make a come back, if that infrastructure survives this Tory bullshit.

        • james111 5.1.1.2

          Bored I had no idea that well know Climate Activists like Dr Mann would try and stop the real truth coming out that showed he lied. Yet people like you and millions of others still believe this discredited liar.

          Dr. Michael Mann, lead author of the discredited “hockey stick” graph that was once hailed by the UN Intergovernmental Panel on Climate Change as the “smoking gun” of the catastrophic man-made global warming theory, has asked to intervene in American Tradition Institute’s Freedom of Information Act lawsuit that seeks certain records produced by Mann and others while he was at the University of Virginia, for the purpose of keeping them hidden from the taxpayer.

          Specifically over the weekend ATI’s Environmental Law Center received service from two Pennsylvania attorneys who seek the court’s permission to argue for Dr. Mann to intervene in ATI’s case. The attorneys also filed a motion to stay production of documents still withheld by UVA, which are to be provided to ATI’s lawyers in roughly two weeks under a protective order that UVA voluntarily agreed to in May. Dr. Mann’s lawyers also desire a hearing in mid-September, in an effort to further delay UVA’s scheduled production of records under the order.

          Dr. Mann’s argument, distilled, is that the court must bend the rules to allow him to block implementation of a transparency law, so as to shield his sensibilities from offense once the taxpayer – on whose dime he subsists – sees the methods he employed to advance the global warming theory and related policies. ATI’s Environmental Law Center is not sympathetic.

          “Dr. Mann’s late-hour tactics offer the spectacle of someone who relies on the media’s repeats of his untrue claims of having been ‘investigated’ and ‘exonerated’ – that is, when he’s not sputtering ad hominem and conspiracy theories to change the subject,” said Christopher Horner, director of litigation for ATI’s Environmental Law Center. “Mann has tried whatever means possible to ensure he remains free of any serious scrutiny, and this just appears to be his last gasp.”

          [Dr Mann’s hockey stick has been re-affirmed by about a dozen other studies since. The rest is unattributed drivel that you’ve copied from somewhere but without a link. Care to supply one? …RL]

          • mickysavage 5.1.1.2.1

            Dear Crosby Textor

            Can you send someone better than James 3?  He is not able to argue coherently and keeps cutting and pasting from obscure texts and thinking that it wins the arguments.  The trouble is he does not understanding what he is pasting.

        • DH 5.1.1.3

          “I have had no doubt that for years that financial and corporate interests have distorted the economy to their own interests and that this is reflected in the infrastructural manner in which we operate.”

          I often try to convince myself otherwise but you’re probably right, we’re just not in any position to prove it. This lot here are a good example, they’re a well funded lobby group. Check out the members list;

          http://www.nzcid.org.nz

          Ostensibly a bunch of concerned Kiwi businesses who want better infrastructure because it will make us all wealthier. All motivated by love of queen & country of course. In reality a rogues gallery of those who want the contracts or clip the ticket on these big projects.

          Founder was Jim McClay when he was boss of MacQuarie NZ. MacQuaries are an Aus investment bank with no economic, social or patriotic interest in NZ. They are, however, one of the worlds largest investors in PPPs. They don’t even use any NZ infrastructure, they only want to own or control it & collect monopoly rents from it, so why would they fund & set up NZCID? People might recall McClay as our PMs ‘mentor’, among other things.

  6. Bored 6

    Talking “roading” Shonkey Jonkey WHERE is our cycleway????????????????

  7. Georgecom 7

    Two (obvious) things struck me after reading this post.

    One, the ‘low hanging fruit’ motor way improvements appear to have finished. We are now into the incremental improvement projects. The big bang for the bucks roading projects are finished.

    Two, future forecasts in the price of oil seems somewhat naive. Recent price spikes, that have occurred despite the absence of seismic geo-political events that dramatically cut the supply of oil, seem to have been overlooked as a predictor of what is happening with the long run price of oil.

  8. RedLogix 8

    Another really interesting pie-chart is found on page 8 of this MoT report. It’s a breakdown of Share of total logistics costs by cost component.

    Have a look. It turns out that the component called “Port Costs” are a mere 6.3% of the total. Given that labour costs are about 33% of total port cost that makes them about 2% of the total.

    And given PoAL’s stated desire to slash this labour content cost by 20% .. this amounts to about about a 0.4% potential reduction in the total cost of importing or exporting goods.

  9. johnm 9

    Now we are past Peak Oil and due to slide down the slope of supply decline:

    Toward An Economy Of Earth
    By Guy R. McPherson
    Refer link: http://www.countercurrents.org/mcpherson030212.htm
    “The industrial economy is destroying every aspect of the living planet. And, as it turns out, we need a living planet for our own survival.

    The world’s industrial economy mainlines ready supplies of inexpensive crude oil. The lifeblood of western civilization, cheap oil infuses our daily lives. Petroleum products transport us easily and conveniently, thus allowing for exchange of materials and ideas. Without inexpensive crude oil to deliver water, food, and building materials, the world’s industrial economy declines.

    There is little doubt that future spikes in the price of oil will prove sufficient to terminate the industrial economy, taking us on a one-way trip to the post-industrial Stone Age.
    Already, expensive oil is overwhelming the ability of central banks and central governments to provide the illusion of economic growth by printing fiat currency. As nearly occurred in 2008 in the wake of oil priced at $147.27 per barrel, western civilization faces an abrupt termination in the face of expensive crude oil.”

    Guy McPherson is pretty well unique. Most of us are selfish money grubbers looking after number one but this man gave up a hugely profitable academic post to live in a sort of voluntary poverty which he believes once this fossil fuel age is over all of us still alive will have to live.

  10. BLiP 10

    Looks like we might need that 3000km, concrete paved, Kaitaia-to-Bluff cycle way after all. How’s it coming along, John, still got your officials working “actively and aggressively” on that one?

Recent Comments

Recent Posts

  • Next steps for Christchurch Hospital campus redevelopment
    Canterbury DHB will be better placed to respond to future demand for services and continue to deliver high quality care, with the next stage of the campus redevelopment programme confirmed, Health Minister Andrew Little says. The Government has approved $154 million in funding for the construction of a third tower ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Five Power Defence Arrangements Defence Ministers’ Joint Statement
    The Defence Ministers from Australia, Malaysia, New Zealand, Singapore and United Kingdom reaffirmed their nations’ continued commitment to the Five Power Defence Arrangements (FPDA), and commended the achievements over the past 49 years as the FPDA moves towards its 50th Anniversary in 2021.  The Ministers recognised the FPDA’s significant role ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Jobs for Nature funding protects health of Hawke’s Bay waterways
    A joint Government and Hawke’s Bay Regional Council project will invest $4.2 million to protect local waterways, enhance biodiversity and employ local people, Environment Minister David Parker announced today.   Over two years, the Hāpara Takatū Jobs for Nature project will fence 195km of private land to exclude stock from vulnerable ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Year border exception for seasonal workers in the horticulture and wine industries
    2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week while in isolation From January ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government increases support for New Zealanders to work in seasonal jobs
    The Government is offering further financial support for unemployed New Zealanders to take on seasonal work. These new incentives include: Up to $200 per week for accommodation costs $1000 incentive payment for workers who complete jobs of six weeks or longer increasing wet weather payments when people can’t work to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government receives Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mos...
    Minister for Internal Affairs Jan Tinetti has today received the Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mosques, and will table it in Parliament on Tuesday December 8. “I know this will have been a challenging process for whānau, survivors and witnesses of the terrorist attack ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand Government to declare a climate emergency
    The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today.                                       “We are in the midst of a climate crisis that will impact on nearly every ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Call for urgent action on Pacific conservation
    A declaration on the urgency of the global biodiversity crisis and the need for immediate, transformative action in the Pacific was agreed at a pan-Pacific conference today. The 10th Pacific Islands Conference on Nature Conservation and Protected Areas is taking place this week across the Pacific.  Minister of Conservation Kiritapu ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech from the throne
    E aku hoa i te ara o te whai, Kia kotahi tā tātou takahi i te kō, ko tōku whiwhi kei tō koutou tautoko mai. Ko tāku ki a koutou, hei whakapiki manawa mōku. He horomata rangatira te mahi, e rite ai te whiwhinga a te ringatuku, me te ringakape ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago