So, let me get this right, #Fonterra:

1️⃣ is responsible for ~18% of #NZ's #ETS #GHGemissions *
2️⃣ contributes 3.1% to GDP,
3️⃣ gets a $90 million government grant to replace coal boilers, and
4️⃣ makes a record $1.6 billion profit... 🤔

* Agriculture is outside of the #NZETS so 18% represents manufacturing emissions, it doesn't include on-farm #Scope3 emissions.

https://www.stuff.co.nz/business/farming/agribusiness/132979152/fonterra-posts-record-16b-annual-profit-pays-highest-ever-dividend