Chestnut carbon to deliver high-quality carbon removal credits through a multi-year offtake agreement with microsoft

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. this is the largest afforestation project certified under the gold standard to date, and a testament to the scalability of high-quality nature-based solutions.
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