Tuesday, 24 September 2024
Home BTG Pactual Timberland Investment Group to provide Microsoft with 8 million carbon removal credits

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BTG Pactual Timberland Investment Group to provide Microsoft with 8 million carbon removal credits

NEW YORK--(BUSINESS WIRE)--Today, the BTG Pactual Timberland Investment Group (TIG) announced the execution of a carbon offset credit transaction with Microsoft. Under the terms of the agreement, TIG will provide Microsoft with up to 8 million nature-based carbon removal credits through 2043. The transaction is the largest known carbon dioxide removal credit transaction to date, according to MSCI Carbon Markets data. The credits will be delivered from TIG’s $1 billion reforestation and restorat...

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