Australian shadow treasurer Tim Wilson faces questions after ASIC records revealed his family investment trust holds 15,000 shares in Gondwana Carbon, a climate advisory firm that helps companies develop emissions reduction projects and trade carbon credits. The firm has traded over 372,000 carbon credits, including through the Safeguard Mechanism scheme that the Coalition has promised to scrap. Wilson's office says his declarations are in order because he declared the trust itself, but parliamentary rules require MPs to disclose any relevant interest in shares held indirectly through trusts. This is not the first time Wilson's shareholdings have drawn scrutiny. He previously faced criticism for holding an ETF that profits when the Australian market falls, and for shares in a critical minerals advisory firm and a political campaign agency that were sold just before he became shadow treasurer. The story highlights ongoing tensions between political roles and financial interests in carbon markets, especially when a politician's party opposes the very schemes their investments benefit from.
