Foreign carbon farmer undeterred by rejection

Foreign carbon farmer undeterred by rejection
The carbon sequestered in trees is viewed as a primary carbon reduction vehicle (Image: Depositphotos)
Rebecca Howard
UK-based specialist asset manager Gresham House is disappointed with the rejection of its bid to invest in New Zealand forestry, but hasn't given up on the antipodes just yet.  “Gresham House is disappointed by the Overseas Investment Office (OIO) decision and we will continue to work with our contacts in New Zealand to seek out other opportunities. Forestry remains a key focus as part of our international expansion,” a spokesperson told BusinessDesk.Late last week, the OIO said consent was declined for Gresham House Forest...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024