key Contacts: Andrew Tzialli – Partner| Lev Gantly – Partner | Anna Hickey – Partner
Congratulations to Oilinvest on its investment into Stockholm carbon token company, NetZeroCompany. The funding (which also came from VARO Energy) will be deployed to support the global development and expansion of a high quality, traceable, and asset- backed Carbon Removal Token (CRT). The development of these CRTs shall address the vital call to effectively register and trade the removal of at least 3 billion tonnes of atmospheric carbon dioxide by the year 2030. The NetZeroCompany CRTs, built on the Ethereum blockchain, shall introduce sought after levels of access and traceability to the voluntary verified carbon credits market.
Philip Lee’s Corporate and Climate Finance teams were delighted to advise Oilinvest on the transaction and we wish the team at NetZeroCompany all the best for their ongoing growth.
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