Tim Wilson's Investment Trust Holds Undisclosed Shares in Climate Advisory Firm
Australia's Shadow Treasurer, Tim Wilson, holds 15,000 undisclosed shares in Gondwana Carbon through his investment trust. Gondwana Carbon is a climate advisory firm that assists developers in acquiring land, developing carbon abatement projects, and trading carbon credits. The company's operations are linked to a scheme that the Coalition, Wilson's political party, has publicly committed to scrapping.
Shadow Treasurer Tim Wilson's investment trust has been identified as holding 15,000 shares in Gondwana Carbon, a climate advisory firm. These shares were reportedly undisclosed.
Gondwana Carbon specializes in assisting developers with various aspects of carbon abatement. This includes the acquisition of land, the development of projects designed to reduce carbon emissions, the earning of carbon credits, and the subsequent trading of these credits.
The firm's business model relies on a carbon credit trading scheme. Notably, the Coalition, of which Tim Wilson is a prominent member, has stated its intention to abolish this very scheme.
According to ABC News Australia, the shares are held via Wilson's family trust.
