NZ Carbon Farming loses appeal in carbon credit spat with Mighty River Power

Fri, 18 Dec 2015

By Fiona Rotherham Dec. 18 (BusinessDesk) - The Court of Appeal has dismissed an appeal by New Zealand Carbon Farming, the country’s largest supplier of post-1989 bulk carbon credits, against a High Court decision in favour of Mighty River Power over a $34.7 million liability NZCF claimed to be owed. It has also dismissed cross-appeals by MRP and ordered NZCF to pay standard legal costs for an appeal minus 10 percent. The original High Court case, heard by Justice Kit Toogood at Auckland, centred on a change to the methodology for work...

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