Petrol

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• Petrol tax cuts of around $500 million. (more here)

• Developing fuel efficiency standards for all motor vehicles entering the country which allows for different types of vehicles to meet different needs, but discourage the use of large vehicles where small ones will suffice, and progressively rises to set a stretch target based on the state of technology. (more here)

• Labour will ensure that New Zealand benefits from development of our petroleum resources.
• Labour will urgently review New Zealand’s preparedness for marine oil spills, especially the capability of Maritime New Zealand.
• Labour will not allow deep sea drilling to occur unless such standards and safeguards are in place, as well as robust contingency plans and an effective rapid response capability if an incident occurs.
• Labour will insist on high environmental standards and stringent safeguards for exploration and development of petroleum resources in the EEZ.
• Labour will review the minimum technical requirements for navigation systems of large vessels operating in New Zealand waters. 
• Labour will accede to the international treaties which define and simplify the compensation regime that applies in the event of future oil spills. 
• Labour will ensure that liability for clean-up of oil spills and financial losses lies with the polluters rather than with taxpayers. (more here)

Not set out on their website.

Not set out on their website.

Not set out on their website.

• [We] oppose levying the oil industry to build additional oil storage capacity – this is a strategic government policy and as such should be paid for by the government (it is really a “defence of the realm” issue)
• [We] oppose a standard royalty rate on new offshore oil discoveries being fixed in advance. We believe that the general policy should be a zero royalty rate with the government reserving the right to apply a royalty, on a case-by-case basis specific to rate of any medium to large oil field discovered. (more here)