Shane Jones says many businesses won't survive without help moving away from natural gas. 

The Government's setting money aside in Thursday's Budget to back loans for firms transitioning to other forms of energy. 

The Associate Energy Minister told Mike Hosking many industries reliant on natural gas have been seeing their energy costs surge. 

He says unless the Crown steps in, many face dire options and will fail. 

Recipients can transition to any other type – not necessarily renewable energy.   

Jones told Hosking it's up to each business what they use. 

He says some may go towards LPG, some to electricity if local lines company can cope, and some to coal. 

LISTEN ABOVE 

Shane Jones says many businesses won't survive without help moving away from natural gas.&nbsp;
The Government's setting money aside in Thursday's Budget to back loans for firms transitioning to other forms of energy.&nbsp;
The Associate Energy Minister told Mike Hosking many industries reliant on natural gas have been seeing their energy costs surge.&nbsp;
He says unless the Crown steps in, many face dire options and will fail.&nbsp;
Recipients can transition to any other type – not necessarily renewable energy. &nbsp;&nbsp;
Jones told Hosking it's up to each business what they use.&nbsp;
He says some may go towards LPG, some to electricity if local lines company can cope, and some to coal.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Shane Jones: Associate Energy Minister on the Government's $1.2 billion gas transition loan scheme for businesses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/40c52840-6e24-4836-83c7-b455014acac7/transcript