New Zealand First’s recent proposal to conduct a $1 billion offshore oil and gas survey has drawn sharp criticism from Prime Minister Christopher Luxon, who described the party’s shift in stance as "deeply ironic." Speaking on Newstalk ZB’s Mike Hosking Breakfast, Luxon emphasized that NZ First had previously supported the Labour-led government’s ban on new oil and gas exploration, calling on the party to acknowledge its role in that decision.

Luxon acknowledged the country’s need for “firming capacity” in its energy supply but noted that the government is already pursuing efforts to address this. He highlighted a $200 million fund established to co-invest with private international companies to explore energy opportunities. However, Luxon expressed skepticism over private sector engagement, explaining that the previous ban had deterred investors. “It’s bloody hard” to attract investment given the policy environment under the Labour government, he said, pointing out that global investors have many alternative options beyond New Zealand.

The Prime Minister also mentioned early-stage interest from some parties but stated he was unaware of any firm commitments. His remarks underscored the tension between the government’s energy strategy and NZ First’s recent policy reversal.

At NZ First’s campaign launch, party leader Winston Peters criticized both the Labour and National parties for what he described as insufficient efforts to expand renewable energy, particularly solar power. Peters further attacked the India free trade agreement and asserted that NZ First’s energy policies would enable New Zealand to better control its domestic energy supply and create opportunities for export.

The developments highlight an ongoing debate within New Zealand politics over the future of the country’s energy sector, with differing views on the balance between fossil fuel development and renewable energy expansion. While Luxon and the government maintain a cautious approach shaped by past policy decisions, NZ First is positioning itself as advocating for renewed exploration to enhance energy security and economic potential.