Frontier fund inks $53m offtake deal with US carbon removals firm Charm Industrial

Cecilia Keating
clock • 3 min read
A Charm Industrial pyrolysis site in Kansas, USA | Credit: Charm Industrial
Image:

A Charm Industrial pyrolysis site in Kansas, USA | Credit: Charm Industrial

Advance carbon credit purchase agreement marks largest to date from $1bn CO2 removals coalition backed by Alphabet, Meta, Shopify, Stripe, McKinsey Sustainability, H&M Group, and more

A host of global corporates and household brands have joined a $53m deal to collectively buy hundreds of thousands of tonnes of carbon offset credits from US CO2 removals company Charm Industrial, marking...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

FSC and Mirova team up to channel funds into 'critical line of defence against climate change'

FSC and Mirova team up to channel funds into 'critical line of defence against climate change'

Forest Stewardship Council and B Corp asset manager announce new partnership to better align investments with responsible forest management

Stuart Stone
clock 29 April 2025 • 2 min read
RLAM adopts 'sustainability focus' label across £11bn investment portfolio range

RLAM adopts 'sustainability focus' label across £11bn investment portfolio range

Royal London Asset Management said the label would give 'reassurance to clients regarding he high standards of sustainability practices embedded in our funds'

Cristian Angeloni
clock 25 April 2025 • 1 min read
Net Zero Banking Alliance: Triodos Bank exits group in protest at weakening of 1.5C guidelines

Net Zero Banking Alliance: Triodos Bank exits group in protest at weakening of 1.5C guidelines

Ethical bank slams NZBA's decision to offer members more leeway in how they meet climate goals

Michael Holder
clock 15 April 2025 • 6 min read