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BP plc acquired a majority stake in forest carbon-management company Finite Carbon, expanding on an initial investment made last year.…

Oil giant BP announced in December it bought a controlling stake in Finite Carbon, the largest U.S. developer of forest carbon offsets. The deal is part of a growing market — the business of paying landowners not to cut down trees. It works like this: A business that needs to offset its carbon emissions by 10,000 metric tons can pay a landowner to store 10,000 metric tons of carbon in a forest. The growing market, experts say, is contentious in the forestry industry because as companies rush to offset their emissions, trees may have more value standing than cut down — good for lando...

BP (NYSE: BP) has revealed that it has acquired a majority stake in carbon offset developer Finite Carbon. BP (NYSE: BP) has revealed that it has acquired a majority stake in carbon offset developer Finite Carbon. The energy major noted that it will bring the company into its in-house business accelerator; BP Launchpad. Together with BP’s additional investment, this is expected to bolster Finite Carbon’s expansion, including into new geographical markets, BP revealed. “Finite Carbon has the potential to build a global platform for managing and financing natural climate solutions,” Dav...

Close to close prices hide what was a very noisy day in the markets with bonds, the dollar, and the broadest stock index flat-ish until some last minute malarkey. Headline hockey between The Fed "flop" - not delivering the QE Twist that so many had hoped for (but promising more will come) - and the constant 'optimistic' headlines from Washington over COVID Relief. As a side note, no one seemed to care that US retail sales were a major miss, homebuilder optimism rolled over, and gasoline demand continues to collapse in the US. Just be careful what's under the surface...

2 days Iran Says It Will Return To Nuclear Compliance After U.S. Lifts Oil Sanctions 2 days China Sets World Record For Deep-Sea Drilling In Disputed South China Sea 2 days Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead 2 days Democrats Propose $8 Billion Bill To Clean Up Abandoned Wells 3 days Libya’s Largest Oilfield Could See Exports Interrupted 3 days Smaller Oil Tanker Rates Recover After OPEC+ Agrees To Ease Cuts 3 days U.S. LNG Exports Fall From Record Highs ...