fortune.com fortune.com

BP bets big on carbon credits in latest acquisition

BP Plc acquired a majority stake in forest carbon-management company Finite Carbon, expanding on an initial investment made last year. The transaction gives BP—one of the world’s biggest carbon-credit traders— control of the largest developer of forest carbon-offset credits in the U.S. It comes at the end of a year that’s seen the oil major step up its commitment to reduce emissions and increase investments in cleaner...