Chestnut Carbon to Deliver High-Quality Carbon Removal Credits through a Multi-year Offtake Agreement with Microsoft

December 20, 2023

https://www.prnewswire.com/news-releases/chestnut-carbon-to-deliver-high-quality-carbon-removal-credits-through-a-multi-year-offtake-agreement-with-microsoft-302019608.html

Chestnut will Remove 362,000 Tons of Carbon for Microsoft in Phase I of the Largest U.S. Gold Standard-Registered Afforestation Project

NEW YORK, Dec. 20, 2023 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a nature-based carbon removal developer founded by private investment firm Kimmeridge Energy Management Company, LLC (“Kimmeridge”), today announced that it has entered into a multi-year offtake agreement to provide Microsoft (NASDAQ: MSFT) with high-quality, nature-based carbon removal derived entirely from a novel afforestation project based in the United States.

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