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Source: Pixabay

New Zealand Just Announced They Will No Longer Issue Oil Exploration Permits

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New Zealand is the latest country to ban future offshore oil and gas exploration in their area. Prime Minister Jacinda Ardern said on Thursday that climate change was a major impact in the decision. The move has a rippling effect on the fossil fuel industry and is met with criticism, but it shows how much opposition has increased over the years.

These actions come after Ardern accepted a Greenpeace petition to end oil and gas exploration with 50,000 signatures. The country’s 22 exploration permits that are currently active will not be affected after the announcement. Companies holding these permits are able to continue drilling under their expiration, with some going into 2030.