Market Chatter: BHP, Rio Tinto, Qantas to Invest $52.7 Million in Australian Carbon Credits Fund-February 2024-www.financetom.com

Market Chatter: BHP, Rio Tinto, Qantas to Invest $52.7 Million in Australian Carbon Credits Fund

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Market Chatter: BHP, Rio Tinto, Qantas to Invest $52.7 Million in Australian Carbon Credits Fund

Aug 12, 2024 1:53 AM

04:23 AM EDT, 08/12/2024 (MT Newswires) -- BHP Group ( BHP ) , Rio Tinto (RIO), and Qantas will invest a combined 80 million Australian dollars ($52.7 million) in an Australian carbon credits fund aimed at land reforestation projects, Reuters reported Monday, citing statements from the fund and the companies.

The report said Silva Capital, a joint venture of Roc Partners and C6 Investment Management, manages the fund, which is looking to generate 250 million Australian dollars to manage Australian Carbon Credit Units.

BHP, Rio Tinto, and Qantas did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 53.70, Change: -0.06, Percent Change: -0.11

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