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Announced

Shell Australia to acquire Select Carbon.

Synopsis

Australian unit of Shell, a multinational oil and gas company, agreed to acquire Select Carbon, an environmental services company. Financial terms were not disclosed. "Select Carbon believes joining Shell will more thoroughly capture new opportunities in land management and carbon sequestration. Combined, we have the experience and resources for large-scale nature-based solutions that bring economic and community benefits to regional Australia. It is a great opportunity to work alongside land managers to achieve multiple outcomes, including resilient regional businesses and landscape health. Our collective immediate actions, and those over the next few decades, will be critical to ensure liveable, productive and sustainable environments for generations to come," Dean Revell, Select Carbon CEO.

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