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Investment in the Community
In addition to their commercial investments, the O&G industry makes substantial contributions to community initiatives, events, social and education programmes.
These investments enhance the vibrancy of the region, and boost not only the economic but social fabric of the region and nation.
For example, both Todd Energy and Shell are major sponsors of the WOMAD festival in Taranaki, which encourages and promotes cultural diversity. Todd Energy also sponsors the aquatic centre and raceway in New Plymouth, as well as a number of smaller programmes and initiatives. Shell is a major sponsor of Puke Ariki, the regional museum.
Similar contributions can be identified for most O&G companies in the region, including the supply chain. For example, Port Taranaki is a major sponsor of Taranaki rugby and the Taranaki Arts Festival.
The contribution of the O&G industry to community initiatives is in excess of $1 million per annum, potentially closer to $2 million.