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Archive list for CO2 Australia News
Sep 1, 2008
Posted by CO2
The Directors of CO2 Group Limited (CO2) is pleased to announce that its takeover offer
for the shares in The Oil Mallee Company of Australia Ltd ACN 079 355 445 (OMC)
has been successful.
Australian Carbon Sinks Limited ACN 111 072 309 (ACS), a wholly owned subsidiary
of CO2, which made the Offer has a relevant interest in over 90% of OMC and will
shortly move to compulsorily acquire the remaining shares in OMC.
On 23 July 2008, CO2 announced a cash conditional offer for OMC at 32.5 cents per
OMC share, valuing the share not already held by CO2 at approximately $700,000. The
takeover offer is now unconditional.
...
Dec 16, 2008
Posted by CO2
CO2 Australia, a wholly owned subsidiary of CO2 Group Limited, today announced an agreement with global resource company Newmont Asia Pacific (Newmont), a part of Newmont Mining Corporation, to establish and manage a 50-year carbon offset project.
The pilot project uses Mallee trees to create a permanent forest carbon sink that will capture carbon over a 50-year life.
Newmont chose CO2 Australia for the pilot because of its experience and success in managing similar initiatives.
CO2 Australia CEO Andrew Grant said: "CO2 Australia has a proven track record of delivering carbon sequestration projects. We are the leading service provider in the Australian...
Feb 18, 2009
Posted by CO2
CO2 Group Limited's wholly owned subsidiary, CO2 Australia today announced it has signed a fifty-year management agreement to build and operate a carbon offset project with the Wannon Regional Water Corporation (Wannon Water).
CO2 Australia will establish and manage the carbon sink to help Wannon Water meet its commitments to reducing carbon emissions, by establishing a permanent forest carbon sink using Mallee trees.
CEO of CO2 Australia, Andrew Grant, said: "Wannon Water is another example of a utilities provider determined to address its impact on the environment proactively and well ahead of the introduction of the formal emissions trading program.
"We...
May 6, 2009
Posted by CO2
Australia's largest provider of dedicated carbon sink plantings, CO2 Australia Limited (a wholly owned subsidiary of publicly listed CO2 Group Limited), supports the Federal Government's announcement this week to extend the starting date for its Carbon Pollution Reduction Scheme (CPRS).
CO2 Chief Executive Officer, Mr Andrew Grant described the 12-month extension as "sensible", given the current economic climate, but also sensible for "Australia's climate credentials globally".
"What is coming through loud and clear from our client base is that large emitters of greenhouse gas
need certainty around the timing and design of the CPRS for critical business...
May 31, 2010
Posted by CO2
Andrew spoke with noted business writer and journalist Leon Gettler to record a podcast for Talking Business in an interview with Garry Barker. They discussed the business of being green on a commercial scale, and how CO2 Australia is leading the world.
To listen to the interview, click here .
Jun 7, 2010
Posted by CO2
Our CEO Andrew Grant has joined the Fast Th!nking ThinkTank with his first post about leadership by MasterChef.
Innovation has been on my mind of late. It's been a recurrent theme that's surfaced and demanded attention. While I have always accepted innovation as important, it's now shifted centre stage.
CO2 Group, the company it is my privilege to lead, competes in the emerging environmental services market. It's a young and...
Jun 11, 2010
Posted by CO2
Today, CO2 Group announced its expansion into New Zealand. This represents our first overseas venture.
The expansion of our services outside Australia allows us to extend our commercial footprint into international carbon markets: we are the first Australian dedicated carbon forest sink company to do so.
This initiative follows the passing of the New Zealand Emissions Trading Scheme and commencment of the emissions compliance market on 1 July 2010.
Read the full media release here or listen to CEO Andrew Grant's Boardroom Radio interview <a...
May 25, 2011
Posted by Elise Margaritis
Today CO2 Australia's parent company CO2 Group (ASX: COZ) reported a record net profit after tax of $1.5 million for the half-year ended 31 March 2011.
This is an excellent result for the Group, especially since this strong financial performance was achieved during a time of continued uncertainty around the federal government's policy on carbon.
Read the full Half-Year Report or listen to CEO Andrew Grant discussing the results in <a...
Jul 5, 2011
Posted by Elise Margaritis
We're so proud to launch our new carbon offsetting website www.yonderr.com.au because finally there's an easy way for people and businesses to reduce their carbon footprint.
It's predicted to revolutionise the...
Jul 11, 2011
Posted by Elise Margaritis
We're really pleased about the federal government's decision to put a $23 price on carbon. It will create many opportunities for CO2 Australia, and underpins the reason our company started in the first place.
For the past eight years, CO2 has built a profitable and strong business in an environment of continued uncertainty around the federal...
Jul 12, 2011
Posted by Elise Margaritis
Of course he does! Listen to our CEO Andrew Grant in this Board Room Radio Interview . Or just read the transcript below to save your ears.
TRANSCRIPT: 'Carbon price major driver for CO2 Group growth'
12 July 2011
Tom: Today I am pleased to be joined by Mr. Andrew Grant, who...
Jul 15, 2011
Posted by Elise Margaritis
In this interview on the Australian Financial Review TV channel, Andrew Grant shares his views on the carbon tax, how planting trees will help business manage their carbon liability and the growth potential for CO2 Group.
If you'd like to know more about how the carbon tax could affect your business,...
Aug 2, 2011
Posted by Elise Margaritis
Today we announced an Extraordinary Shareholders Meeting and given the recent political developments, we also provide an overview of the market and an Independent Expert's Report produced by BDO Corporate Finance.
Read the report here.
Aug 10, 2011
Posted by Elise Margaritis
We're the largest forest carbon sink company in Australasia and we wouldn't have become the industry leader if it wasn't for the dedication of our people. CO2 Australia currently employs 32 passionate people across the country in the areas of forestry operations, plantation management, land acquisition, community engagement, carbon accounting, scheme compliance, finance, administration and sales & marketing.
If you're looking for a career with Australia's leading carbon company, we have a position that's just become available as a <a href="http://www.seek.com.au/Job/land-administrator-co2-australia/in/wagga-wagga-riverina-wagga-wagga-riverina/20337470"...
Aug 15, 2011
Posted by Andrew Grant
Growing trees has far-reaching benefits and for many companies is a legitimate tax deduction.
The establishment of forest projects (or carbon sinks) in Australia is generally funded by companies with a large emissions profile who are looking to reduce their carbon liability.
In recognition of carbon credits as part of the solution to climate...
Aug 16, 2011
Posted by Elise Margaritis
There's a whole lot of interest in carbon farming out there... our CEO Andrew Grant appeared on ABC Radio this morning discussing the heightening interest we're seeing from landholders now that a price on carbon has been set. And assuming the Carbon Farming Initiative gets through the Federal Parliament (which returns today) we're going to see much more.
Andrew also talked about what made the 1700 hectare...
Aug 24, 2011
Posted by Elise Margaritis
We are very pleased to welcome passage of the Carbon Farming Initiative (CFI) through Parliament yesterday. The CFI will enhance farm productivity and reduce the effects of climate change. Our CEO Andrew Grant had this to say:
"This is a national scheme that provides accredited carbon offsets. The CFI puts in place a...
Aug 29, 2011
Posted by Elise Margaritis
We are proud to announce our very own CEO Andrew Grant has been named a Global Sustain Ability Leader! This is a list of 100 people from six continents include Nobel prize winners, scientists, architects, designers, artists, and CEOs of international companies. It recognises excellence in the areas of sustainability and green leadership and you can read more about the list here .
Sep 6, 2011
Posted by Elise Margaritis
Last Wednesday, 31 August, the 7pm Project interviewed two green entrepreneurs - our very own Andrew Grant, CEO of CO2 Australia and Dorjee Sun, CEO of Carbon Conservation.
The 7pm Project story focused on Andrew and Dorjee's work in the in area of carbon conservation and discussed what companies and individuals can do to offset carbon and help save the world.
By way of background, Andrew has been at the forefront of climate change science and carbon trading for 12 years. Leading the CO2 Group and its related entities since 2005, Andrew has grown the company into the leading carbon business in Australasia. Prior to that he was the National Head of Ernst and Young's...
Oct 6, 2011
Posted by Elise Margaritis
The problem
There is public confusion about the carbon market which has been intensified by the recent debate over carbon pricing. In the middle of all the noise and rhetoric, what exactly should your company do if thinking about purchasing carbon credits?
The solution
First up, many contact a consultant. Small companies can estimate their footprint, but for larger companies a consultant will construct a picture of the company's inventory, looking at energy use such as fossil fuels.
...
Oct 12, 2011
Posted by Elise Margaritis
An historic day as Australia embarks on the journey to a cleaner future.
CO2 Group warmly welcomes the passage of the Clean Energy Bills through the House of Representatives.
But what does it mean for our company?
The passing of the Clean Energy Legislation creates 3 new market opportunities for CO2 Group:
Clean Energy Legislation creates about 500 new potential customers that have a direct liability under the carbon price;
International funds can now invest in Australia and repatriate credits created to offshore markets;
Big fuel consumers can invest in carbon sinks and opt into the carbon price in order...
Oct 21, 2011
Posted by Elise Margaritis
The California Air Resources Board, in a unanimous vote, adopts landmark regulations of greenhouse gas emissions to curb climate change and meet targets for reducing pollution.
The air board met in Sacramento for more than eight hours in a packed hearing room. Board members listened to sometimes scathing comments from union workers fearful of losing their jobs and a parade of industry representatives who likewise characterized the regulations as anti-business. Other speakers called the proposal historic and groundbreaking.
Late in the day, as the eight board members voted to approve the regulations, to scattered applause, Chairman Mary Nichols looked up and said, "We've...
Oct 25, 2011
Posted by Elise Margaritis
CO2 Group diversifies and significantly increases revenue base with new carbon trading contracts.
CO2 Group is pleased to announce that it has diversified its revenue base through the successful launch and ongoing growth of its environmental trading division, Carbon Banc TM , which was launched in March of this year.
Since March the business has generated $11 million of revenue. New customer enquiries are at record levels, and in September alone, the business secured $4.6 million worth of new contracts.
...
Oct 27, 2011
Posted by Elise Margaritis
Listen to our CEO Andrew Grant in this Board Room Radio Interview discussing CO2 Group's new environmental trading arm Carbon Banc TM . Or you can read the transcript below.
TRANSCRIPT: 'CO2 Group diversifies and significantly increases revenue'
27...
Nov 8, 2011
Posted by Elise Margaritis
CO2 Group welcomes the passing of the Clean Energy legislation through the Senate, with the Bills creating legislative certainty for the industry, and providing new market opportunities for the business. The Clean Energy legislation is the second tranche of law-making complementary to the Carbon Farming Initiative (CFI) which became law on 15 September 2011 - that sets up the national regulatory environment for CO2 Group's domestic business. Whilst the CFI is the basis for the creation of carbon credits, the Clean Energy legislation passed by the Senate today, allows only compliant credits (ACCUs) to be used by companies liable to pay the carbon tax to acquit their carbon...
Nov 15, 2011
Posted by Elise Margaritis
Check out @CO2Australia on Twitter for the latest policy updates, climate science and company news.
Nov 22, 2011
Posted by Elise Margaritis
CO2 Australia has been appointed by the Tasmanian Government to undertake a Forest Carbon Study aimed at estimating the volume of carbon currently stored in Tasmania's forest estates. The study is seen as a critical project for Tasmania, particularly given the recent passage of the Commonwealth Government's national carbon pricing legislation.
It is also evidence of CO2 Australia's continued diversification of revenue streams, the strength of its advisory services team and the significant carbon project expertise that it has...
Nov 28, 2011
Posted by Elise Margaritis
Today CO2 Group released it's annual report , with the following key highlights:
o Record revenue of $35 million - up from $27 million for 2010/11 (15 month period)
o NPAT of $1.5 million
o EBIT of $2.2 million
o Record cash position as at November 2011 - $35 million and no debt
o Business successfully diversified with new trading and environmental services added
o Solid pipeline of new business opportunities being pursued
CO2 took the decision to...
Dec 5, 2011
Posted by Elise Margaritis
Carbon dioxide emissions from burning fossil fuels are growing at a record rate, with the latest data suggesting pollution from rich countries is accelerating despite nearly 15 years of pledges to make cuts. Read more.
Dec 8, 2011
Posted by Elise Margaritis
The Carbon Farming Initiative (CFI) commences today and provides exciting opportunities for farmers, landholders and landfill operators to participate in carbon markets.
The CFI Adminstrator is now operational and will allow land managers, farmers and landfill operators to participate in carbon markets.
Regulations to enable the operation of the Australian National Registry of Emissions Units, recognition of offsets entities, approval of projects, transition of existing projects from Greenhouse Friendly and the Greenhouse Gas Abatement Scheme (GGAS) and the assessment of methodologies also come into effect today.
Information to assist potential...
Dec 13, 2011
Posted by Elise Margaritis
It's not hard to find a poignant image illustrating the state of the environment or the threat of climate change. Even less so now as Photoshop plays an increasing role in how we view the world. But this image, created by WWF , struck a chord with us because we know 20% of the world's global emissions are caused by deforestation. And you can't Photoshop real life.
Dec 14, 2011
Posted by Elise Margaritis
Two of the world's leading environmental markets publications, Environmental Finance and Carbon Finance, have named CO2 Group as a winner in their annual market survey.
We were voted "Best Project Developer" in Australasia in the magazine survey which is the most closely watched poll of sentiment across the world's carbon, renewable...
Apr 16, 2012
Posted by Elise Margaritis
The production of some of Australia's favourite beverages will become greener thanks to a partnership between leading carbon specialist CO2 Australia, a wholly-owned subsidiary of ASX listed CO2 Group (ASX: COZ), and the brewers of the famous Bundaberg Ginger Beer, Bundaberg Brewed Drinks.
The two companies, with the support of the Queensland Department...
Apr 18, 2012
Posted by Elise Margaritis
CO2 Group is now authorised to deal in carbon derivatives through a Valuestream
Australian Financial Services Licence.
Australasia's carbon specialist CO2 Group Limited (ASX: COZ) is pleased to announce that it has become a corporate authorised representative of Valuestream Investment Management Limited (AFSLNo 246621) so it can deal in derivatives across Australia's carbon trading markets.
CO2 Group is the first carbon project developer in Australia to access an Australian Financial Services Licence.
As part of the legislative package passed by the Australian parliament last year, emissions units (carbon credits) are now classed as financial...
Apr 23, 2012
Posted by Elise Margaritis
A carbon offset is a formal recognition that one tonne of carbon dioxide has been either removed from the atmosphere, or prevented from being released into the atmosphere. Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases. One carbon offset equals one tonne of carbon dioxide...
May 1, 2012
Posted by Elise Margaritis
CO2 Australia client Woodside has produced the first Liquefied Natural Gas (LNG) from its $14.9 billion Pluto LNG Project.
The Minister for Resources and Energy, Martin Ferguson AM MP, said it is a momentous announcement for Woodside and its partners, but also for Australia.
"This project is very important to the energy industry and the national economy more broadly," said Minister Ferguson.
"Woodside estimates that 15,000 Australian...
May 8, 2012
Posted by Elise Margaritis
We are thrilled to announce that we have secured funding for two projects under the Federal Government's Biodiversity Fund. The grants, worth $3.8 million, will support two projects in Western Australia and New South Wales.
Today our CEO Andrew Grant said, "We are delighted to receive these grants, which we see as recognition of the quality of our work in the Australian market and our deep environmental expertise.
"Our projects...
May 14, 2012
Posted by Elise Margaritis
Strong revenue and profit growth continues for CO2 Group. Read the full report here.
Record revenue of $32.7 million - up 117% on PCP
NPAT continues to grow - up 6% to $1.6 million
Record results achieved in environment of ongoing debate around carbon policy
Company continuing to diversify revenue streams through new business operations
4,100 hectares of carbon plantings well underway
CO2 Group Limited ("CO2 Group" ASX: COZ) today reported a record net profit after tax...
May 17, 2012
Posted by Dr James Bulinski
Dr. James Bulinski, CO2 Australia's Director of Carbon Innovation, spent the early part of last year in the US working out if there were any opportunities for Australia in emerging US carbon markets.
James, travelling on a Gottstein Fellowship, found the US carbon market very dynamic.
Rather than having a national scheme implemented, individual US states or groups of states have been up their own trading...
May 23, 2012
Posted by Ken Edwards
Carbon trading is the short-hand way of referring to all aspects of the buying and selling of the right to release carbon dioxide (CO 2 ) or greenhouse gases (GHG) into the environment.
In very simple terms carbon trading is similar to a farmer's market. At this type of market there are the people who grow the fruit and vegetables and bring their goods to market where it is then sold (or traded) to those people who need to buy food.
In the case of the carbon market, large carbon emitting companies come to...
Jun 13, 2012
Posted by Elise Margaritis
The Federal Government's new carbon tax places a significant impost on companies in emissions-intensive industries.
Under the carbon tax, due to commence on 1 July this year, affected companies will be required to pay $23 per tonne for their direct carbon emissions in 2012-13.The cost rises in 2013-14, to $24.12, and increases to $25.40 in 2014-15.
After 2015, the price companies pay to emit one tonne of carbon will vary...
Jul 5, 2012
Posted by Reshma Pollard
Melbourne, 5 July 2012: Market leading carbon sink operator CO2 Australia experienced a surge of interest in June from landholders wanting to find out more about the Carbon Farming Initiative (CFI). Now that the carbon tax and CFI are officially in operation, CO2 Australia predicts a further increase in enquiries from landholders wishing to participate in the scheme.
Last year, enquiries about the CFI from landholders were up by 681% and interest has remained strong in the first half of this calendar year. In June, interest was boosted by a series of workshops hosted by CO2 Australia and the Central West Catchment Management Authority to assist...
Jul 30, 2012
Posted by Reshma Pollard
Melbourne, 30 July 2012: Following the company's CEO Report to the Board in regard to the planting of the 2012 carbon estate and environmental trading, the Board of CO2 Group wishes to advise the market of the likelihood that the 2012 full year Earnings Before Interest and Tax (EBIT) will exceed $4 million compared to the $2.2 million EBIT achieved for the 2011 financial year.
Performance has exceeded expectation of CO2 Group with the planting program in WA complete and the NSW program ahead of schedule.
The Board is pleased with the projected 2012 financial year outcome and looks forward to presenting the full year results in late November.
...
Aug 1, 2012
Posted by Reshma Pollard
CO2 Group is pleased to announce a conditional off market takeover bid for all of the shares in Western Australian Resources Limited (WARL).
WARL is an Australian owned public unlisted company which aims to establish large scale integrated marine protein production operations in Australia through the farming of prawns and fish predominantly for Asian export markets.
CO2 Group has offered:
five (5) CO2 Group shares for four (4) WARL shares held (Share Alternative); or
$0.1625 cash per WARL share (Cash Alternative).
The offer values 100% of WARL at approximately $2.7 million, based on the Cash Alternative.
The WARL Directors have recommended...
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