EMEA > Europe > US oil company retires forest credits from Guyana worth $250 million

US oil company retires forest credits from Guyana worth $250 million

Published 13:11 on May 29, 2026 / Last updated at 11:01 on June 8, 2026 / / Americas (LATAM & Caribbean, US & Canada), EMEA (Europe), Nature-based Carbon (Forestry), Voluntary (VCM Developments)

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A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.
A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.


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