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6 Min Read LONDON (Reuters) - Oil companies such as BP and Shell are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb. A dense stand of small trees clear-cut approximately 10 years earlier is seen from the edge of Hersey Mountain Wilderness in New Hampton, New Hampshire, U.S., December 4, 2020. REUTERS/Elizabeth Frantz BP last year put $5 million into Finite Carbon, a company that connects forestry owners with companies seeking to offset their climate-warming emissions via-tree planting. The Californian firm expe...

Big carbon? Oil majors turn to nature to help plug revenue gap Dec. 13, 2020 05:10 am JST Jan. 13 | 03:02 pm JST LONDON The requested article has expired, and is no longer available. Any related articles, and user comments are shown below. © Thomson Reuters 2020. ©2021 GPlusMedia Inc. Dec. 13, 2020 04:49 pm JST Of course there will be a disparity in the price of carbon credits. As much of the cost of each carbon-reducing project is based on labor, credits will produce far less in offsets in the developed world. The cost of plan...