Octopus Energy Generation is investing $500 million into US forestry projects managed by Living Carbon. The initiative targets degraded lands, including former mining sites and exhausted farmland, with a goal to remove up to 50 million tons of CO2 over the next 40 years. This deal highlights a shift in the voluntary carbon market, as big tech companies and institutional investors move away from cheap offsets toward measurable, durable carbon removals. The partnership includes support from the Symbiosis Coalition, featuring members like Google, Meta, and McKinsey.
