The deal also represents one of the first “bankable” CO2 removal projects, according to the company, enabling Heirloom to finance future direct air capture facilities.
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Article Category: Carbon Credits
by Ken Silverstein | Aug 10, 2023
Companies face challenges keeping their shareholders and other stakeholders updated about climate initiatives. But blockchain technology allows companies more visibility into their net-zero efforts.
by Amy Baxter | Aug 4, 2023
The new framework addresses several issues in the current carbon credit market, the company said in a whitepaper outlining the system.
by Ken Silverstein | Jul 19, 2023
While the voluntary carbon market is now navigating some problematic issues, the corporate world has a new option — the emergence of sovereign REDD+ reduction units known as ITMOs.
by Ken Silverstein | Jun 20, 2023
The luxury fashion maker Gucci has quit calling itself a carbon-neutral company. It says the carbon credits it buys need more transparency.
by Ken Silverstein | Jun 13, 2023
The airline is the latest to get sued for allegedly making false claims about its climate promises – a company pledging to be net zero by 2050, following a familiar pattern.
by Ken Silverstein | Jun 1, 2023
The lawsuit says the claim of carbon neutrality is “false and misleading,” but the airline disagrees with the accusation.
by Ken Silverstein | Jul 8, 2022
Salesforce has reached its net-zero targets across its entire value chain and uses 100% renewable energy for its global operations — a goal achieved by buying credits equal to the electricity it consumes.
by Ken Silverstein | May 13, 2022
In 2010, GM committed to a 20% reduction in carbon intensity by 2020. It achieved that goal in 2017. And in January 2021, it said it would source 100% renewable energy to power GM facilities in the U.S. by 2030 and globally by 2035.