Articles tagged Dairy

Rod Oram reviews the Productivity Commission's landmark report on moving to a carbon-neutral economy. He finds a wealth of insight on the task ahead, but no analysis of what happens if we fail or what a radical disruption might look like.

Drivers face massive fuel cost hikes and a ban on petrol and diesel engine vehicles within 15 years, while farmers will have to radically change land use if New Zealand is to become carbon neutral by 2050. Bernard Hickey reports.

Chairman John Wilson and CEO Theo Spierings have been the double act governing Fonterra since 2012. Following Spierings' resignation, Bernard Hickey assesses their legacy as no great success, but also no great failure. It could have been worse, or so much better.

The GDP numbers released by Statistics NZ on Thursday morning make for mixed reading, with a hot summer hitting New Zealand's dairy industry.

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Rod Oram has followed a trail of bad management decisions and poor governance to discover why Fonterra is staring down the barrel of a massive writedown on its investment in Beingmate. He raises questions about the role of Fonterra's auditor, PwC, and a stifled culture of debate on its board.

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Beingmate, Fonterra's troubled investment in China, is blaming the co-op for its losses, according to a formal letter Beingmate has reportedly sent to Chinese financial regulators in response to their enquiries.