Are oil firms nurturing nature because they care about the climate or cash?

As companies, ‘largely responsible for climate-warming emissions’, seek more carbon credits, prices are set to rise

08 December 2020 - 20:23 By Shadia Nasralla

Oil companies such as BP and Shell are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb.

BP last year put $5m (about R75m) into Finite Carbon, a US company that connects forestry owners with businesses seeking to offset their climate-warming emissions via tree planting...

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