Americas > US oil company to purchase $750 mln worth of jurisdictional REDD+ offsets from Guyana

US oil company to purchase $750 mln worth of jurisdictional REDD+ offsets from Guyana

Published 17:07 on December 2, 2022  /  Last updated at 14:17 on December 5, 2022  / /  Americas, Nature-based, South & Central, US, Voluntary

An energy company with a large stake in Guyanese offshore oil exploration announced Friday it will buy at least $750 mln in carbon credits from the country over the next 10 years, marking the first sale of offsets from the jurisdictional-scale Architecture for REDD+ Transactions (ART) programme.
An energy company with a large stake in Guyanese offshore oil exploration announced Friday it will buy at least $750 mln in carbon credits from the country over the next 10 years, marking the first sale of offsets from the jurisdictional-scale Architecture for REDD+ Transactions (ART) programme.


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