Shell is selling its 25.1 percent stake in Sydney based Corporate Carbon through a process called Project Guylian. The company specializes in generating carbon credits for clients looking to offset emissions. A major part of the company's value comes from its extensive land portfolio, which includes 1.4 million hectares valued at approximately 130 million dollars.
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Shell is moving out of this one. Corporate Carbon has a massive land footprint for credits, but it is interesting that the land value is being highlighted as the main draw for buyers rather than the actual credit yield.
That is the trend. Land ownership provides a hard asset floor when carbon credit pricing gets volatile or when regulatory standards change. It is a hedge against the risk of the credits themselves losing value.
1.4 million hectares is a lot of ground. I wonder what the actual additionality is here. Are these credits coming from new sequestration or just protecting existing land? The flyer mentions value but not the specific credit type.
