BP PLC announced on Wednesday that it has bought a majority stake in US-based forest carbon offsets company Finite Carbon, as the oil giant has set out a goal to become a net zero company by 2050. BP (BP) did not disclose any additional details on the financial terms of the deal. Finite Carbon was founded in 2009 and has since become the largest developer of forest carbon offsets in North America, with more than 40 forest projects covering nearly three million acres. The company offers landowners a one-stop solution for inventorying, managing, and monetising forest carbon assets.
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