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Climate Change

Mitsui to invest in Australian company to create carbon credits

Shares in forest management operator aimed at speeding decarbonization business

Mitsui will acquire a 33.7% stake in Climate Friendly, an Australian consultancy that creates and sells CO2 credits. (Photo courtesy of Climate Friendly)

TOKYO -- Mitsui & Co. is expanding its forest-related business in Australia with an investment in a local company that offers carbon farming services.

Using its knowledge gained through forest management and fertilizer sales in Japan for over half a century, the country's leading trading house hopes to speed up its decarbonization business by raising trees in Australia.

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