'McVeigh Carbon Project 2 (Revoked)

McVeigh Carbon Project 2 (Revoked) is a soil carbon sequestration project located in the Dubbo Local Government Area of New South Wales, roughly 65km south-east of the city of Dubbo near the town of Cumnock. It was registered on December 8, 2022, and covers 377.89 hectares. The central-west region of NSW is highly regarded for mixed farming, with general land use primarily split between livestock grazing and broadacre cropping.

The project operates under the Carbon Credits (Estimation of Soil Organic Carbon Sequestration using Measurement and Models) Methodology Determination 2021. Soil carbon projects of this type involve introducing new or materially different agricultural management practices to increase the amount of carbon stored within the soil, which is then verified through rigorous physical soil sampling and modelling. For this specific project, the eligible activities included altering the stocking rate, duration, and intensity of grazing to promote soil vegetation cover; applying nutrients via synthetic or non-synthetic fertilisers to address a material soil deficiency; and establishing or rejuvenating permanent pasture by seeding on land that was previously cropland or fallow.

Environmentally, the Dubbo and Cumnock regions experience a temperate to semi-arid climate characterized by moderate, medium rainfall. The soils in this agricultural belt are typically fertile and well-suited to pasture improvement, consisting largely of red-brown earths, clay loams, and sandy loams with occasional basalt influences in the undulating hilly areas.

An interesting note about this project is that it was facilitated by Agriprove, one of Australia’s largest and most active developers in the soil carbon space. Despite its establishment and the introduction of these land management practices, public registry records indicate that the project was officially revoked on July 15, 2026, under section 30 of the Carbon Credits (Carbon Farming Initiative) Rule. Revocations under this section can occur voluntarily by the proponent or via regulatory action if ongoing project requirements are no longer being met.