TODAY |

Expectations high in Taranaki as Government set to reveal plans to transition away from oil and gas

Expectations are high as the Government prepares to unveil its plans aimed at transitioning away from the oil and gas industry. 

In Taranaki, a region heavily reliant on the sector, one business owner is contemplating a move to Australia. 

Phil D'Ath opened his transport business in 2012.

"I love Taranaki, I don't want to leave Taranaki, this place is the best place in the world. But you have to ask these questions when your livelihood's at stake," Mr D'Ath said.

About 60 per cent of his business is from oil and gas activities, however it has left Mr D'Ath uncertain after the Government's ban on future offshore exploration. 

"The biggest thing is just the not knowing ... what are the ramifications going to be, when will that happen, what if anything will replace it, how will that affect me and my family?" Mr D'Ath said.

The Prime Minister will be in Taranaki tomorrow to outline the Government's next steps in the region as it aims to offer some consolation from the losses from its oil and gas decision. 

"Taranaki region is seeing investments directly through the Provincial Growth Fund that I know is making a difference," Jacinda Ardern said.

"There's also some exciting opportunities that exist with new technologies and new energies such as hydrogen."

Taranaki's Chamber of Commerce does not believe New Zealand is prepared to cut off gas completely. 

They want to see the Government make a commitment towards preserving the region's positions as the "energy capital" of the country. 

Your playlist will load after this ad

But some businesses now face an uncertain future. Source: 1 NEWS