UPDATE: Carbon farmer sues MRP over $34.7 million in ETS credits

Tue, 25 Nov 2014

(Adds share price in 7th graph, extra detail in 8th graph) By Fiona Rotherham Nov. 25 (BusinessDesk) - New Zealand Carbon Farming, the country’s largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part of its efforts to offset carbon emissions from electricity generation. The case, currently underway in the High Court at Auckland, centres on a change to the methodology for working out the amount of carbon cr...

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