New Zealand energy corp and Te Runanga o Ngāti Ruanui Trust took the first step in developing a relationship after entering an agreement at a hui in Stratford on Wednesday.
Taranaki is New Zealand’s main supplier of oil and gas and New Zealand Enery Corp hope to develop these resources. They have the support from the Māori trust who oversee over 8,500 people. The agreement between the oil company and the Māori trust sets out how the trust will provide cultural advice and support as the company explores, develops and produces the resources in south Taranaki. It also sets out the processes to share the environmental and technical information.
Trust members hope to see beneficial results from this relationship including employment, educational and training opportunities for the young.
The Te Runanga o Ngāti Ruanui Trust chairman says, ”This agreement provides opportunities for our youth and is a good example of what can be achieved through direct engagement between iwi and oil companies.”
David Binnie, General Manager of New Zealand Petroleum and Minerals (the government agency that manages oil, gas, mineral and coal resources) say,s “This agreement represents a big step forward for the development of oil and gas in Taranaki…I hope that other companies and iwi will see this as a blueprint for agreements elsewhere in New Zealand.”
Source: MSN News
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