British energy supplier Octopus Energy has provided $500 million in project financing to Living Carbon, a California based startup focused on carbon removal. The investment targets the expansion of existing forests and the planting of trees on degraded land to generate carbon credits. This deal arrives as the carbon removal sector faces headwinds, with major buyers like Microsoft signaling a reduction in support for new projects. The move highlights a shift toward nature based solutions as private and federal funding for climate tech becomes more volatile.
