New Zealand's parliament has passed a law allowing oil and gas exploration to resume, overturning a 2018 ban, citing the need for energy security.

Legislation recently passed by the New Zealand Parliament allows oil and gas exploration to resume, contrary to the 2018 decision banning new licenses. The ruling coalition argues that the ban has led to energy shortages and market volatility. The new legislation includes significant investments in gas exploration and a withdrawal from international climate alliances, while funds for nature conservation have been cut, raising concerns from environmental organizations.