Carbon Credit Sale
August 20, 2012
We have achieved our first sale of Carbon Credits.
Mighty River Power is our first customer and we have sold them the credits we have accumulated on the Pigeon Bush Reserve, Rimutaka Ranges.
This is a significant step towards the future of the Trust. It is a 15 year contract with a guaranteed income flow for the Trust. It is for a significant amount that will enable the Trust to face the future with confidence that we can achieve our environmental goals.
We recognise the confidence that Mighty River Power has shown in us as a Trust, our capability, our endurance and our creditibility. A huge thanks to Mighty River Power. We look forward to a continuing partnership with them whether they are an S.O.E. or a public/private partnership.