The Australian Department of the Environment announced on Wednesday that Alcoa will pay 55 million AUD (approximately 39 million USD) to restore native forests in Western Australia that were illegally cleared for bauxite mining. This amount was secured through a legally binding commitment involving land clearing in the Northern Jarrah Forest habitat south of Perth from 2019 to 2025. The funds will be used for conservation-focused activities, including ecological offsets, a plan to protect the endangered black cockatoo nesting in Jarrah trees, and improving invasive species management. The government stated that approximately 2,100 hectares of land illegally cleared between 2019 and 2025 were not approved by authorities. The government described the 55 million AUD compensation as “unprecedented” and the largest of its kind.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Aluminum Corporation of America illegally logging native Australian forests, forced to pay $39 million
The Australian Department of the Environment announced on Wednesday that Alcoa will pay 55 million AUD (approximately 39 million USD) to restore native forests in Western Australia that were illegally cleared for bauxite mining. This amount was secured through a legally binding commitment involving land clearing in the Northern Jarrah Forest habitat south of Perth from 2019 to 2025. The funds will be used for conservation-focused activities, including ecological offsets, a plan to protect the endangered black cockatoo nesting in Jarrah trees, and improving invasive species management. The government stated that approximately 2,100 hectares of land illegally cleared between 2019 and 2025 were not approved by authorities. The government described the 55 million AUD compensation as “unprecedented” and the largest of its kind.