The Google logo is seen outside the company's offices in London, Britain, June 24, 2025. REUTERS/Carlos Jasso/File Photo Purchase Licensing Rights, opens new tab
Companies
SAO PAULO, Oct 19 (Reuters) - Google and McKinsey have agreed to buy 320,000 metric tons of carbon removal credits over 10 years in its first-ever silvopasture project, as part of its commitments through the Symbiosis Coalition, in what is an emerging approach to climate mitigation.
The long-term purchase agreements announced on Monday will support an effort by Working Trees, a climate technology company, to convert degraded cattle pasture into mixed-species systems across Brazil's southeastern Amazon and Cerrado regions, the coalition said.
>> In Other News: Capture6's Perth Test Asks If Brine Can Make DAC Pay Off
Stay up to date on the key companies, data, and decisions in the ESG world with the Reuters Sustainable Finance newsletter. Sign up here.
Silvopasture integrates trees into cattle pastures, allowing ranching to continue while boosting carbon sequestration and reducing pressure for deforestation.
The deal will help fund the restoration of 8,700 hectares (21,500 acres) of degraded and semi-degraded pastureland as part of a broader 50,000-hectare project and is one of the first attempts to deploy carbon-funded silvopasture at a larger scale.
"Silvopasture, within the various different approaches for sequestering carbon via natural systems, is one of the pathways with the most promising potential for scale. And carbon finance has a role to play in financing that solution," Julia Strong, executive director of the Symbiosis Coalition, told Reuters.
The coalition, whose members include Alphabet's (GOOGL.O), opens new tab Google, Microsoft (MSFT.O), opens new tab, Meta (META.O), opens new tab and Salesforce (CRM.N), opens new tab, focuses on long-term carbon offset contracts, with pledges for more than 20 million tons of offsets by 2030.
Working Trees plants rows of commercial timber and native tree species directly into existing cattle pasture, leaving space for grazing.
The company says the model improves cattle productivity while generating future timber revenue that encourages landowners to maintain the systems after carbon-credit income declines.
"This project and the potential to scale to millions of hectares in this part of Brazil is a really exciting opportunity to showcase what good looks like," Strong said, adding that Working Trees had demonstrated the model through a pilot project.
Wall Street faces a week of reckoning as earnings meets a volatile world.
Working Trees Chief Executive Leif Gonzales-Kramer said the long-term purchase commitments were critical to unlocking investment for such projects.
"If you believe that the world will continue to eat beef and that the world will take climate action seriously, the only way that you can actually achieve both at the same time is through silvopasture," he said.
Brazil's nascent carbon market has attracted increased interest from investors and lenders as companies seek high-quality carbon-removal projects to meet climate goals.
Technology companies, in particular, are looking for ways to offset emissions linked to the rapid expansion of energy-intensive artificial intelligence infrastructure. Some critics, however, say the offsets allow polluters to avoid reducing their emissions.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💡 Google’s $17B Wyoming Plan Pairs Fuel Cells With CCS 🍁 Canada Needs C$2.2 Billion and Stronger Policy to Close Its Carbon Removal Gap by 2030 🛢️ Occidental Signs Long-Term CO2 ...
Inside This Issue 🌽 The Andersons Bets $915M on Low-Carbon Ethanol Plants 🌐 Rad Web Hosting Announces Fossil-Free Internet by 2030 Manifesto, Commits 1% of Revenue to Carbon Removal 💶 EU Earmarks ...
Inside This Issue ✅ Verra Approves First Credits Under CCS Methodology ⚡ Houston-Based Transition Industries Signs EPC Deal for 210 MW Electrolyzer at Pacifico Mexinol 🏗️ Investing in Wyoming’s In...
Boomitra Completes Sale and Delivery of 2.6 Million Soil Carbon Credits from Northern Mexico
Corporate purchases bring carbon income to ranchers restoring grasslands across northern Mexico Boomitra today announced it has sold and delivered 2.6 million issued soil carbon credits from its N...
GeoKiln and ONEIC Sign MOU to Evaluate Engineered Hydrogen Development in Oman
GeoKiln Energy Innovation and Oman National Engineering & Investment Co. SAOG (ONEIC) have signed a Memorandum of Understanding (MOU) to evaluate the potential for engineered geologic hydrogen ...
Company Update Visit highlights operational progress at the Reno facility and XCF Global's continued focus on expanding domestic renewable fuel production HOUSTON, TX / AccessWire / November 11, ...
This marks a new step in DHL Express efforts to decarbonize international air transportation of parcels. First SAF supply agreement over 5 million liters of SAF signed with TotalEnergies for DHL ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.