The Petroleum Exploration and Production Association of New Zealand (PEPANZ) commissioned NZIER to estimate the macroeconomic and regional economic impacts of the government decision to ban the granting of new oil and gas exploration permits outside onshore Taranaki.

This report highlights the persistent practice of oil and gas executives being incentivised to chase growth for the sake of growth, and details why this isn’t in shareholders’ best interests. Despite the focus on “value over volume” of the last few years, the vast majority of companies continue to reward executives based on volumes.

New energy technologies are cheaper than fossil fuels for electricity and will soon be cheaper for transport. Engineers have increased the feasibility ceiling of renewables to far above the current penetration levels in most countries. Meanwhile, there is rising global concern about local pollution and global warming.

The Western Australian Future Battery Industry Strategy aims to provide a framework for the State Government’s leadership to build upon its demonstrated expertise in the future battery industry and promote its significant competitive advantages.

This report provides a snapshot of the ties between the fossil fuel industry and Australian universities. These ties could create a serious conflict of interest or bias when it comes to decisions around fossil fuel divestment, potentially jeopardising universities’ own endowment investments by failing to accurately consider climate change and stranded asset risks.