Shell announced Monday that it has invested $40 million in a Brazilian business specializing in preservation. Carbon credit developer Carbonext produces carbon credits that can be sold. So, while Shell will no longer receive subsidized rates, it will now have access to the company’s carbon market first.
More than 2 million hectares (4.9 million acres) of the Amazon Forest, which are owned by businesses looking to profit from the carbon market, are under the management of Carbonext’s preservation programs
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