City forester trebles profits with sale of credits
5 Feb 2010
A forestry company has sold Kyoto carbon credits for three times the amount of its 2009 profit.
A confidentiality clause in the sale agreement means the seller can’t say who has bought the 150,000 NZUs, but Carbon News understands that the deal is worth around $3 million and the buyer was a New Zealand emitter.
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Story copyright © Carbon News 2010
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