Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra’s Brightwater dairy factory has received funding to reduce its site’s reliance on coal.
Fonterra says the move will reduce the site’s carbon dioxide emissions by 25%.
With funding support from the Energy Efficiency and Conservation Authority (EECA), conversion is about to get underway on Brightwater’s existing coal boiler, adding capacity to burn wood biomass to generate steam.
The move will cut emissions from the factory by around 2,400 tonnes a year – roughly the same as taking 530 cars off the road.
Fonterra chief operating officer global operations Robert Spurway says the move to a co-fired boiler decreases reliance on fossil fuels and is a significant step towards achieving Fonterra’s emission reduction targets.
“Last year we joined forces with the Ministry for the Environment to develop a roadmap to a low emissions future, which included a commitment to undertake a demonstration of co-firing wood biomass with coal at one of our sites.
“Now, with the support of EECA, we’re putting our co-firing strategy into action. Brightwater’s transition to a lower emission energy source is a tangible step toward achieving our target of reducing our Global Operations emissions by 30% by 2030, and our longer-term goal of net zero emissions by 2050.”
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.