TotalEnergies Invests $100 Million in US Forests for C02 Credits
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French oil major TotalEnergies SE signed a $100 million deal to curb its greenhouse gas emissions by buying carbon credits generated by forest-protection projects across the US.
The agreement was signed with climate-solution adviser Anew Climate and US forest landowner Aurora Sustainable Lands, who will provide operational oversight, according to a statement on Friday. TotalEnergies will use the credits generated to cancel emissions after 2030.