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Gull Welcomes Confirmation Of Emissions Trading Scheme

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Fuseworks Media
Fuseworks Media

Gull looks to motorists' pocket Gull welcomed the finalisation of the Emissions Trading Scheme (ETS) today noting that pricing carbon in the market will drive lower emissions and improve NZ air quality. Dave Bodger, General Manager of Gull New Zealand noted however that the ETS will not necessarily lead to a seven cent per litre increase in fuel prices by next July. Karl Mischewski, Gull's Sustainability Manager, says that the $25 per tonne carbon price on a straight line leads to roughly a seven cent per litre fuel price increase, but this is 'oil-giant mathematics' and is the maximum that should be charged. "Gull has been pursuing a biofuel and carbon strategy that looks to minimize costs rather than just pass them on to the motorist for two years now, in preparation for the ETS," says Mischewski. "It's not rocket science" says Mischewski. "Biofuels such as Gull Force 10 and Gull Regular Plus emit less carbon and will therefore be priced lower than conventional petrol. Gull's biofuel products are already priced around two cents per litre under their competitor products and the ETS will further improve their competitiveness." Mischewski notes, "In respect to carbon pricing, a multinational oil company would likely take the average price for carbon as given from offshore markets, whereas Gull's approach will be very different. For every dollar we can beat the $25 per tonne cap this is a further saving we can pass on to the Kiwi motorist." Bodger adds that fuel prices will likely increase with an ETS but opportunity exists for strategies with carbon and biofuels to minimize the motorist's potential cost-increase. "Gull welcomes the finalised Emissions Trading Scheme as it will assist in delivering a cleaner future for us all and will do so at an acceptable price," says Bodger.

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