ADVERTISEMENT

BP snaps up majority stake in US forest offset firm Finite Carbon

Michael Holder
Michael Holder
clock 16 December 2020 •
The Sealaska forest in Alaska is one of 50 projects developed by Finite Carbon | Credit: Finite Carbon
Image:

The Sealaska forest in Alaska is one of 50 projects developed by Finite Carbon | Credit: Finite Carbon

Oil and gas giant ramps up investment in USA's largest carbon offset developer, as it increases focus on natural climate solutions in support of its net zero targets

BP has brought the America's largest developer of forest-based carbon offset projects into its stable, having snapped up a majority stake in Finite Carbon through its business accelerator Launchpad, the...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no-strings trial

Join now

 

Already a BusinessGreen
member?

Login

ADVERTISEMENT
Michael Holder
Author spotlight

Michael Holder

View profile
More from Michael Holder

Revealed: UK supermarkets linked to beef suppliers driving illegal Amazon deforestation

Nuclear: UK pushes forward with small advanced modular reactor program

Most read
01

Tesla to open up global charging point network to all EV brands

26 July 2021 • 3 min read
02

Pizza Hut and Beyond Meat deliver latest boost to plant-based food market

26 July 2021 • 2 min read
03

World Economic Forum: Targeting 10 per cent plastics reuse could halve ocean plastic waste

28 July 2021 • 3 min read
04

Nuclear: UK pushes forward with small advanced modular reactor program

29 July 2021 • 4 min read
05

UK's leading house builders plot net zero road map for sector

27 July 2021 • 4 min read

More on Offsets

A tree planting project in Senegal supported by offsetting specialist Ecosia | Copyright: Joshi Gottlieb
Offsets

'Rigour and transparency': UK leads fresh drive to boost credibility of voluntary carbon markets

Voluntary Carbon Markets Integrity Initiate launches alongside consultation into how carbon credits should be embedded into business strategies

Cecilia Keating
Cecilia Keating
clock 29 July 2021 • 4 min read
Plans are afoot to build a BECCS facility at the Drax power plant | Credit: Drax
Offsets

'Get ahead of the game now': Could the UK become a leader in carbon removals technology?

National Infrastructure Commission urges government to act quickly to drive development of first wave of BECCS and DACS plants, arguing carbon removals will be a cornerstone of the UK's future economy

Cecilia Keating
Cecilia Keating
clock 29 July 2021 • 7 min read
The voluntary carbon market is expected to grow rapidly over the coming years | Credit: Everland
Offsets

Hartree Partners inks $2bn deal with Wildlife Works to expand voluntary carbon market

Tie-up will see commodities trader work with conservation group to deliver 20 projects forestry protection projects aiming to cut CO2 by 20 million tonnes per year

Cecilia Keating
Cecilia Keating
clock 27 July 2021 • 3 min read