Dejected dairy giant plans next ETS move
16 Nov 2009
Dairy giant Fonterra is considering its next move after a parliamentary select committee failed to prevent measures that will exclude the co-operative’s processing from receiving free carbon credits.
Fonterra says the Government’s planned changes to the emissions trading scheme will cost it $115m by 2015, because its 26 milk processing plants will no longer be eligible for a share of free credits the Government will allocate to trade-exposed industries.
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Story copyright © Carbon News 2009
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