BP completed the acquisition of a majority stake in Finite Carbon.

BP, an oil and petrochemicals company, completed the acquisition of a majority stake in Finite Carbon, a provider of forest carbon development and commercialization services. Financial services were not disclosed. The firm plans to increase its renewable power capacity 20-fold by 2030 to 50 gigawatts while reducing its oil output by 40% and diverting more funds to low-carbon investments. Putting a price on carbon can make it possible for anyone with the ability to protect, plant, or improve forests to generate revenue from their efforts. Thanks to this unique partnership with BP, Finite Carbon now has the resources of a global energy company behind it to help address this enormous environmental challenge and help small landowners access this market," Sean Carney, Finite Carbon Founder.