Shadia Nasralla of Reuters highlights the efforts of big oil companies to offset their carbon emissions and invest in nature based solutions (NBS).
- Corporations, including big oil, are looking for ways to reduce their carbon footprint.
- In 2019, BP invested $5 million into Finite Carbon, a California-based company that empowers forestry owners and companies to offset their carbon emissions.
- Big Oil has signaled through investments and business plans that it plans to reduce its emissions. Although this is a good start, there is still more to be done.
Read the full article here.