Australia’s national carrier Qantas will invest $80 million (US$53 million) in a carbon credits fund managed by Silva Capital.
Mining giants BHP and Rio Tinto, also part of the Australian Stock Exchange, will join Qantas as founding investors.
Australian Airline Qantas Invests in New Carbon Credit Fund
The fund secures Australian Carbon Credit Units by ‘acquiring or leasing’ agricultural land in Australia
A photo taken on Aug. 20, 2023, shows a line-up of Qantas planes at Sydney's Kingsford Smith Airport. William West/AFP via Getty Images
Monica O’Shea
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Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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