New Zealand households are still receiving new gas connections as natural gas supplies dwindle, sparking concern from energy advocates about the long-term sustainability and cost implications of relying on fossil fuels for home heating and cooking.
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The government's announced a 1.2 billion dollar gas transition loan scheme. A big bet on keeping some of New Zealand's most gas hungry businesses afloat. Finance Minister Nicola Willis says the government will guarantee 80% of each loan with about 48 million dollars set aside to cover potential losses. It's being framed as a lifeline. Help gas heavy manufacturers and processes stay open, protect jobs, and ease pressure on a shrinking and increasingly expensive fuel. But behind the headlines, big questions remain. Who really benefits? Who foots the bill? And will any of this cost creep its way into your power bill or tax bill? Today on the front page, journalist and publisher of the car car, Bernard Heckie is with us to unpack whether this scheme is an economic rescue mission, a political pivot, or something more complicated.
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hidden burden on consumer bills and taxes
How the $1.2b gas loan gamble could reshape big industry’s energy usefears of economic collapse without crown intervention
Shane Jones: Associate Energy Minister on the Government's $1.2 billion gas transition loan scheme for businessesSocial-media signal on the same topic, drawn from the social lens. Engagement is likes + 2×shares + 3×replies, the same weighting used across the digest cards. View on /social →
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