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Ex-Oil Execs to Turn Oil & Gas Reserves Into Carbon Credits

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  • 10 Nov 2022
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Ex-Oil Execs to Turn Oil & Gas Reserves Into Carbon Credits

Veterans from Shell and other oil majors have launched ZeroSix, which plans to tackle 1 gigatonne of carbon emissions from oil & gas wells and generate carbon credits. ZeroSix offers a digital platform for a new era of high-quality carbon credits addressing accuracy, additionality, permanence, and transparency in the voluntary carbon market (VCM). The company will convert unextracted, unburned oil and gas into protected carbon credits. The new greentech venture will create, track, trade, and retire carbon credits on a decentralized digital platform.

Source: carboncredits.com