Living Carbon secures $500m deal with Octopus Energy Generation to restore degraded land and remove CO₂

Living Carbon PBC, a climate technology company, has signed a major deal with leading specialist renewable investor Octopus Energy Generation to remove up to 50 million tons of carbon dioxide from the atmosphere through reforestation projects.  Octopus’s fund management team is set to invest $500 million into afforestation and reforestation projects in the US developed by the Californian business.  On top of that, Octopus Energy Generation is investing nearly $13 million in Living Carbon’s fast-growing carbon removal business.  With the new funding, Living Carbon will be positioned to remove up…

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