Govt gives Fonterra $90m towards a $790m plan to reduce emissions

A deal is done to help Fonterra reduce coal use at its dairy plants. (Image: NZME)

Thu, 20 Jul 2023

The government is giving Fonterra $90 million towards a $790m plan to cut its dairy factories' coal use.It's the second large subsidy announced as the government looks at several “bespoke opportunities … to deliberately target appropriate support for New Zealand’s largest emitters”, ministers said in a statement.The first deal was the $140m offered to NZ Steel in a conditional funding agreement towards the $300m electrification plans at the Glenbrook steel mill.Prime minister Chris Hipkins will launch the plans...

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