BP Buys Majority Stake In Top U.S. Forest Carbon Offset Developer ...Middle East

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BP Buys Majority Stake In Top U.S. Forest Carbon Offset Developer
source : OILPRICE ( Middle East ) () 23
BP has bought a majority stake in the largest U.S. forest carbon offset developer, Finite Carbon, boosting the interest it acquired in the company last year, the supermajor aiming to become a net-zero business by 2050 said on Wednesday.   Last year, BP Ventures invested $5 million into Finite Resources, Inc, allowing its subsidiary Finite Carbon, to launch a voluntary carbon offsets program for businesses. BP’s initial investment was aligned with its efforts to advocate for a price on carbon, the UK-based major said in October 2019.…

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