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Google and McKinsey Agree to Buy 320,000 Tons of Brazil Carbon Removal Credits

Google and McKinsey have signed a 10-year deal to purchase 320,000 metric tons of carbon removal credits from a Brazilian silvopasture project. Facilitated through the Symbiosis Coalition, the transaction finances climate tech firm Working Trees to integrate timber and native tree planting into degraded cattle pastures across Brazil's southeastern Amazon and Cerrado biomes. The deal funds the restoration of 8,700 hectares out of a broader 50,000-hectare project. The agreement comes as major tech companies seek high-integrity offsets to balance growing energy demands driven by artificial intelligence infrastructure expansion.

Category

Alphabet

Sentiment

Neutral

Event

Product partnership

Reading time

1 min