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  /  No Comments

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.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.