{"id":71870,"date":"2025-07-02T15:16:14","date_gmt":"2025-07-02T03:16:14","guid":{"rendered":"https:\/\/www.greenpeace.org\/aotearoa\/?p=71870"},"modified":"2025-07-02T15:34:26","modified_gmt":"2025-07-02T03:34:26","slug":"wildly-inaccurate-figures-used-to-justify-shane-jones-200-million-fossil-fuel-slush-fund","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/aotearoa\/press-release\/wildly-inaccurate-figures-used-to-justify-shane-jones-200-million-fossil-fuel-slush-fund\/","title":{"rendered":"Wildly inaccurate figures used to justify \u2018Shane\u2019s $200 million fossil fuel slush fund\u2019"},"content":{"rendered":"\n

It has come to light that a Cabinet paper justifying the Government\u2019s $200 million subsidy for new gas fields<\/a> used wildly inflated and inaccurate gas price figures. Some were more than seven times higher than the true value.<\/p>\n\n

Greenpeace has called it a “complete debacle” and is calling for the Government to scrap what it calls “Shane\u2019s $200m fossil fuel slush fund\u2019\u2019 immediately.<\/p>\n\n

“Minister Jones\u2019 office has given Cabinet hugely incorrect figures on the gas industry, which were used to decide on the next steps for his $200 million fossil fuel slush fund,” says Greenpeace spokesperson Gen Toop.<\/p>\n\n

“The Government should pull that $200 million fossil fuel subsidy immediately and use the money to fund solar and other clean energy generation instead.”<\/p>\n\n

The paper, presented by Minister Shane Jones\u2019 office, claimed 2024 commercial gas prices rose by 58%, when the correct figure was just 8%. Residential gas was claimed to have increased by 17%, but the actual rise was only 3%. Industrial and wholesale prices were also around double the true values.<\/p>\n\n

A red comment made in the margins of the now-released paper reads: \u2018There was an error in calculations… that was not identified before the material went to Cabinet.\u2019<\/p>\n\n

“These figures aren’t just slightly out, they are wildly inaccurate. Either Minister Jones doesn\u2019t understand the energy system, or he\u2019s showing flagrant disregard for the facts,” says Toop. <\/p>\n\n

“Either way, funnelling public money to fossil fuel corporations during the climate crisis is indefensible.”<\/p>\n\n

“Fossil fuels are polluting, finite and expensive. The Government should be backing affordable clean renewables like wind and solar that can actually secure our energy future.”<\/p>\n","protected":false},"excerpt":{"rendered":"

A\u00a0Cabinet paper justifying the Government\u2019s $200 million subsidy for new gas fields\u00a0used wildly inflated and inaccurate gas price figures.<\/p>\n","protected":false},"author":18,"featured_media":63626,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_planet4_optimize_post_is_variant":false,"_planet4_optimize_experiment_name":"","_planet4_optimize_variant_name":"","ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"","p4_local_project":"","p4_basket_name":"","p4_department":"","footnotes":""},"categories":[10],"tags":[16,26],"p4-page-type":[7],"class_list":["post-71870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-greenpeace","tag-climate","tag-oil-and-gas","p4-page-type-press-release"],"yoast_head":"\nWildly inaccurate figures used to justify \u2018Shane\u2019s $200 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