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What will be TotalEnergies' rank among top carbon offset buyers in 2024?
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Top 1 • 25%
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Annual reports from carbon offset registries and market analysis firms
Story
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.
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