Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
Flexibility urged in emission protection phase-down
The Climate Change Commission may need more flexibility to tweak the rate at which free allocations of emission credits to industrial users are phased down, its predecessor agency says.Eighty-four firms – ranging from New Zealand Steel and the Tiwai Point aluminium smelter down t...
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Infrastructure
Govt action needed on domestic log supply - processors
The planned closure of Carter Holt Harvey’s Whangarei sawmill demonstrates the need for government action to shield local processors from subsidies in global log markets, the Wood Processors and Manufacturers Association says.Carter Holt Harvey yesterday started consulting with s...
Infrastructure
Genesis signals 15% 1H earnings decline, maintains FY guidance
Genesis Energy says first-half operating earnings will be down about 15 percent on the previous year’s record result due to a combination of low hydro storage and high fuel costs.The country’s biggest energy retailer today reported stronger volumes and lower costs at its electric...
Infrastructure
Industry faces more cuts to emission supports
Further cuts are planned to the protection energy-intensive firms receive against rising carbon costs, but no decisions are expected this year.The government surprised heavy industry late last year by announcing a review of the way it treats electricity use – the so-called electr...
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