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Air NZ, Contact, Genesis and Z Energy to create forestry portfolio

Air New Zealand, Contact Energy, Genesis Energy and Z Energy have joined forces to create a partnership that will establish a forest portfolio to sequester carbon and help meet their annual requirements under the emissions trading scheme.

Dryland Carbon LLP, or Drylandcarbon, chief executive Anthony Beverley said that now the partnership has been created, the next task is to focus on the land and the portfolio establishment.

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