A carbon market jolted by policy changes is wiping value from Treaty settlement forests and forcing iwi to ask whether the Crown is undermining assets meant for future generations.

Government and opposition politicians at Waitangi last week.

A presentation at last week’s Iwi Chairs Forum at Waitangi landed like an axe.

Former Act MP Donna Awatere Huata stood before iwi leaders and laid out a figure that drew the air from the room. She said $2.335 billion of value has been wiped from Māori holdings in the Emissions Trading Scheme over

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