Taranaki oil sector ready to move away from fossil fuel explorationSUPPLIED Maui-B production platform in the South Taranaki Bight. An economic report by tourism and economic body Venture Taranaki in March 2015 found the oil and gas industry pumped $1.57billion into Taranaki's total GDP. ANDY JACKSON/STUFF Oil and gas exploration continued in Taranaki on a small scale. "The details of any transition process will be critical to the impact on the Taranaki region and its people. The shift away from fossil fuels was real as renewable energy became cheaper and technology improved, he said.

Source: Stuff March 20, 2018 02:48 UTC