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 market and have delivered consistent, quantifiable carbon offsets through the planting of trees on the scale required by large emitters. “This experience has been recognised by Newmont. We are excited by the opportunity to work with Newmont, an established global miner with a commitment to the environment, and to addressing its carbon footprint.” Acting Vice President Philip Stephenson said Newmont was serious about its commitment to environmental leadership and had been investigating options to responsibly manage its carbon emissions for some time. The company is a founding signatory of The Climate Registry in the U.S. and also participates … Continue reading CO2 Australia signs deal with Newmont Asia Pacific