Change to forestry rules not enough says Beef+Lamb

Beef+Lamb says there needs to be a cap on offsetting. (Image: Unsplash)

Thu, 24 Feb 2022

A government move to increase scrutiny on would-be foreign carbon farmers is a good first step but doesn’t go far enough, says Beef & Lamb chief executive Sam McIvor.“Foreign investment is a significant issue in terms of land conversion, and I think the move to look at the national benefit is quite positive,” he said.However, he said this is not the mechanism that is going to make the difference.The government announced it was introducing changes to the Overseas Investment Act 2005 that mean proposals by overseas investors...

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