TotalEnergies Invests $100 Million in U.S. Forest Carbon Offsets

Aug 30, 2024, 01:00 PM

French oil company TotalEnergies is investing $100 million in a market aimed at preventing tree harvesting in the United States. This initiative represents what is likely the largest-ever purchase of carbon offsets from U.S. timberlands. The investment is part of TotalEnergies' strategy to reduce its emissions by acquiring carbon credits generated by forest-protection projects across the U.S. The company aims to preserve sustainable carbon sinks through these forestry operations.