Gas prices 'wildly inflated' in botched Cabinet paper on $200m gas co-investment

Gas prices 'wildly inflated' in botched Cabinet paper on $200m gas co-investment

A paper prepared by Resources Minister Shane Jones’s office said commercial gas prices rose 58% in 2024 – they only rose by 8% The post Gas prices ‘wildly inflated’ in botched Cabinet paper on $200m gas co-investment appeared first on Newsroom.

Wildly inaccurate figures used to justify ‘Shane’s $200 million fossil fuel slush fund’ – Greenpeace

It has come to light that a Cabinet paper justifying the Government’s $200 million subsidy for new gas fields used wildly inflated and inaccurate gas price figures. Some were more than seven times higher than the true value. Greenpeace has called it a “complete debacle” and is calling for the Government to scrap what it calls “Shane’s $200m fossil fuel slush fund’’ immediately. “Minister Jones’ office has given Cabinet hugely incorrect figures o…