Shareholders look to green Gunns

Matthew Denholm; 24/3/10

Opponents of forestry company Gunns are in talks with several of its major shareholders about ending old-growth logging in return for a “social licence” and green accreditation. The secret detente began after The Australian last month reported that high-profile opponents of Gunns’ proposed Tamar Valley pulp mill had extended an olive branch to the company. They included prominent businessman Geoffrey Cousins, who said he was prepared to embrace the project, and even the company, if it adopted Forest Stewardship Council certification and mill improvements.”After that story, one of the major shareholders (in Gunns) contacted me and others for a meeting,” Mr Cousins told The Australian yesterday.