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Genesis Energy endures earnings hit for future carbon price upside

Other energy sector emitters use emissions trading scheme’s fixed-priced option.

Reweti Kohere Mon, 31 May 2021

Huntly power station operator Genesis Energy will take an upfront $27 million hit to earnings to meet its immediate climate change obligations, with an eye to capitalising on a higher carbon price in the future.

In an NZX note, the powerco said it would buy credits under the government’s

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Reweti Kohere Mon, 31 May 2021
Contact the Writer: reweti@nbr.co.nz
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Genesis Energy endures earnings hit for future carbon price upside
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