State owned energy company Genesis Energy has reported a better than forecast net profit after tax for the year of $69 million.

The Green Party says the Government is taking a "head-in-the-sand" approach to oil prices and should prepare now by investing in alternative fuels and public transport.

Meridian Energy's underlying earnings rose 29 per cent in the year to June 30 to $251.9 million, reflecting a 13 per cent increase in total energy generation.

Singer-songwriter Bjork is spearheading a push to put foreign energy takeovers to referendum if enough people oppose the deals.

Official documents show the Government did not consider the environment when awarding an East Cape off shore oil exploration permit.

Brazen but brainless thieves have risked their lives by breaking into a Manawatu wind farm switch yard in an apparent attempt to steal copper wire.