News, Events & Insights

News


  • Chestnut Carbon Announces Acquisition of Land in Texas, Expanding Largest Gold Standard-Registered Reforestation Project

    Chestnut Carbon Announces Acquisition of Land in Texas, Expanding Largest Gold Standard-Registered Reforestation Project

    Chestnut Carbon, a leading developer of nature-based carbon removal solutions, today announced its expansion into Texas, marking the fifth state in its Chestnut Restoration Project.

    Read more: Chestnut Carbon Announces Acquisition of Land in Texas, Expanding Largest Gold Standard-Registered Reforestation Project

  • US carbon developer sells first forest credits for $34 apiece

    US carbon developer sells first forest credits for $34 apiece

    A New York-based developer of nature-based carbon projects announced on Wednesday the sale of its first batch of Improved Forest Management (IFM) offsets for $34 each.

    Read more: US carbon developer sells first forest credits for $34 apiece

  • Chestnut Carbon Completes Sale of First IFM Carbon Removal Credits at $34 per Credit

    Chestnut Carbon Completes Sale of First IFM Carbon Removal Credits at $34 per Credit

    NEW YORK, April 17, 2024 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a leading developer of nature-based carbon removal solutions, today announced the sale of its first Improved Forest Management (IFM) carbon removal credits to a large corporate buyer at a price of $34 per credit, a premium to recent publicly announced transactions. These IFM credits are…

    Read more: Chestnut Carbon Completes Sale of First IFM Carbon Removal Credits at $34 per Credit

  • US SEC Disclosure Rules Lead Companies To Cut Emissions Faster

    US SEC Disclosure Rules Lead Companies To Cut Emissions Faster

    Kimmeridge Energy Management, the New York-based firm pledged up to $200 million to forest manager Chestnut Carbon about two years ago. Chestnut Carbon focuses on reforestation projects.

    Read more: US SEC Disclosure Rules Lead Companies To Cut Emissions Faster

  • Chestnut Carbon Completes Phase 2 Of The US’ Largest Afforestation Project

    Chestnut Carbon Completes Phase 2 Of The US’ Largest Afforestation Project

    Chestnut Carbon, a pioneering nature-based carbon removal developer, announced the completion of the second phase of its US afforestation project, which includes the planting of 10 million trees and the acquisition of over 21,000 acres of marginal crop and pasturel, an area equivalent to 1.5x the size of Manhattan.

    Read more: Chestnut Carbon Completes Phase 2 Of The US’ Largest Afforestation Project

  • Microsoft’s Recent Buying Spree Has Included AI Companies And Forests

    Microsoft’s Recent Buying Spree Has Included AI Companies And Forests

    “Our 15-year offtake agreement with Microsoft remains one of the longest contracted delivery schedules in the market today”, said Shannon Smith, Chief Commercial Officer of Chestnut, referencing the deal inked at the very end of last year.

    Read more: Microsoft’s Recent Buying Spree Has Included AI Companies And Forests

  • Carbon Credits Draw Fresh Attention Under SEC’s New Climate Rules

    Carbon Credits Draw Fresh Attention Under SEC’s New Climate Rules

    “From a carbon removal standpoint, discerning buyers want high-quality projects that have true additionality and durability, which, in this market, is very hard to find,” said Ben Dell, a managing partner at Kimmeridge and chief executive of Chestnut Carbon, referring to certified projects that involve planting new forests rather than just preserving existing woodlands.

    Read more: Carbon Credits Draw Fresh Attention Under SEC’s New Climate Rules

  • Nature-based Carbon Removal Credits: Slow Growth Expected Despite Record Demand

    Nature-based Carbon Removal Credits: Slow Growth Expected Despite Record Demand

    U.S.-based Chestnut Carbon launched in 2022 and started to regrow land they own and manage. The company announced their first contract with Microsoft in December 2023 for the forward delivery of 362,000 ARR credits.

    Read more: Nature-based Carbon Removal Credits: Slow Growth Expected Despite Record Demand

  • Bregal Forms Impact Strategy Focused on Agriculture

    Bregal Forms Impact Strategy Focused on Agriculture

    New York-based Kimmeridge Energy Management nearly two years ago committed $200 million to Chestnut Carbon, which generates carbon credits from forest projects. The business late last year signed a 15-year agreement with software giant Microsoft that includes the removal of the equivalent to 362,000 tons of carbon dioxide in its first stage and as much…

    Read more: Bregal Forms Impact Strategy Focused on Agriculture

  • Chestnut Carbon Signs 15-Year Carbon Credit Offtake Agreement With Microsoft

    Chestnut Carbon Signs 15-Year Carbon Credit Offtake Agreement With Microsoft

    Chestnut Carbon, a nature-based carbon removal developer founded by private investment firm Kimmeridge Energy Management Company, LLC, today announced that it has entered into a multi-year offtake agreement to provide Microsoft with high-quality, nature-based carbon removal derived entirely from a novel afforestation project based in the United States. This is the largest afforestation project certified…

    Read more: Chestnut Carbon Signs 15-Year Carbon Credit Offtake Agreement With Microsoft

  • Microsoft inks 15-year nature-based carbon removals deal with US-based Chestnut Carbon

    Microsoft inks 15-year nature-based carbon removals deal with US-based Chestnut Carbon

    The deal is covers the removal of 2.7 million tonnes of CO2 from the atmosphere over 15 years in order to support Microsoft’s climate ambitions. Read more

    Read more: Microsoft inks 15-year nature-based carbon removals deal with US-based Chestnut Carbon

  • Chestnut Carbon to Deliver High-Quality Carbon Removal Credits through a Multi-year Offtake Agreement with Microsoft

    Chestnut Carbon to Deliver High-Quality Carbon Removal Credits through a Multi-year Offtake Agreement with Microsoft

    Chestnut will Remove 362,000 Tons of Carbon for Microsoft in Phase I of the Largest U.S. Gold Standard-Registered Afforestation Project NEW YORK, Dec. 20, 2023 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a nature-based carbon removal developer founded by private investment firm Kimmeridge Energy Management Company, LLC (“Kimmeridge”), today announced that it has entered into a multi-year…

    Read more: Chestnut Carbon to Deliver High-Quality Carbon Removal Credits through a Multi-year Offtake Agreement with Microsoft

  • Microsoft inks carbon removal deal with offsets startup Chestnut

    Microsoft inks carbon removal deal with offsets startup Chestnut

    Dec 20 (Reuters) – Microsoft Corp (MSFT.O) has struck a deal with offsets startup Chestnut Carbon to acquire credits linked to the removal of carbon dioxide from the atmosphere, the firms said Wednesday, as part of the tech giant’s push to meet its sustainability goals. Unlike other offset deals that generate credits by preserving trees,…

    Read more: Microsoft inks carbon removal deal with offsets startup Chestnut

  • ESG Today – Microsoft Signs Deal to Remove up to 3 Million Tons of Carbon Through U.S. Forest Project

    ESG Today – Microsoft Signs Deal to Remove up to 3 Million Tons of Carbon Through U.S. Forest Project

    Microsoft and nature-based carbon removal startup Chestnut Carbon announced today a 15-year offtake agreement, with Chestnut providing Microsoft with potentially more than 3 million tons of nature based credits from its U.S.-based afforestation project. The deal includes the removal of 362,000 tons of carbon in its first phase, and up to 2.7 million tons in…

    Read more: ESG Today – Microsoft Signs Deal to Remove up to 3 Million Tons of Carbon Through U.S. Forest Project

  • Chestnut Carbon Bolsters Leadership Team To Accelerate Nature-Based Carbon Removal Projects

    Chestnut Carbon Bolsters Leadership Team To Accelerate Nature-Based Carbon Removal Projects

    Greg Adams to serve as Chief Financial Officer; Shannon Smith to serve as Chief Commercial Officer Chestnut develops the highest-quality nature-based carbon credits to help sustainability-focused companies achieve their net zero goals NEW YORK, Sept. 22, 2023 /PRNewswire/ — Chestnut Carbon (“Chestnut”), a nature-based carbon offset developer founded by private investment firm Kimmeridge, today announced…

    Read more: Chestnut Carbon Bolsters Leadership Team To Accelerate Nature-Based Carbon Removal Projects

  • Kimmeridge Puts $200 Million Into Carbon Offsets Startup

    Kimmeridge Puts $200 Million Into Carbon Offsets Startup

    The carbon offset market receives another financial boost this month. The private-equity firm Kimmeridge Energy Management has invested up to $200 million into its own carbon offsets startup Chestnut Carbon. Chestnut Carbon is a leading nature-based carbon offsetting platform. It already has experience developing such projects from start to finish. It is a fully integrated…

    Read more: Kimmeridge Puts $200 Million Into Carbon Offsets Startup

  • Kimmeridge Energy backs Chestnut Carbon

    Kimmeridge Energy backs Chestnut Carbon

    Kimmeridge Energy Management has pledged up to $200 million to back Chestnut Carbon, The Wall Street Journal reported. The startup plans to develop new forests to help create carbon-offset credits. Read more

    Read more: Kimmeridge Energy backs Chestnut Carbon

  • Kimmeridge Energy Commits $200 Million to Carbon-Offset Startup Chestnut

    Kimmeridge Energy Commits $200 Million to Carbon-Offset Startup Chestnut

    Energy investor has backed Chestnut Carbon, which recently bought credit facilitator Forest Carbon Works Private-equity firm Kimmeridge Energy Management has pledged as much as $200 million to back Chestnut Carbon LLC, a startup dedicated to generating carbon-offset credits from forests. Read more

    Read more: Kimmeridge Energy Commits $200 Million to Carbon-Offset Startup Chestnut

  • Kimmeridge Launches Chestnut Carbon To Create High-Quality Nature-Based Carbon Offsets

    Kimmeridge Launches Chestnut Carbon To Create High-Quality Nature-Based Carbon Offsets

    Kimmeridge Carbon Solutions to seed Chestnut with up to $200 million Chestnut announces concurrent strategic acquisition of Forest Carbon Works, a differentiated developer of forest carbon offsets Forest Carbon Works focuses on ecological stewardship and unlocking access to carbon finance for small and family landowners – who collectively control nearly 300 million acres of U.S.…

    Read more: Kimmeridge Launches Chestnut Carbon To Create High-Quality Nature-Based Carbon Offsets

Events


  • Stakeholder Feedback Webinar

    Stakeholder Feedback Webinar

    Please join us at an event for the Chestnut Sustainable Restoration Project’s stakeholders! We would like to invite our neighbors and community to provide feedback and help shape the project’s design.

    Read more: Stakeholder Feedback Webinar

Insights


Interviews and Podcasts


  • Carbon removal credits: A deeper dive into Nature-Based Solutions

    Carbon removal credits: A deeper dive into Nature-Based Solutions

    Greg Adams joins Tom Heintzman, Managing Director and Vice Chair, Energy Transition and Sustainability to discuss the market for nature-based credits, how these are evolving, and how one carbon project developer is delivering high-quality carbon removal credits to corporate buyers.

    Read more: Carbon removal credits: A deeper dive into Nature-Based Solutions

  • Interview with Greg Adams, CFO, Chestnut Carbon

    Interview with Greg Adams, CFO, Chestnut Carbon

    Chestnut Carbon CFO Greg Adams spoke with Energy Dialogues, Inc. ahead of the upcoming Carbon Solutions Forum in San Diego. Check out the interview below and reach out if you would like to connect with us.

    Read more: Interview with Greg Adams, CFO, Chestnut Carbon