The purchase will give the bank new capacity in carbon credit development and “help our clients understand and manage the risks and opportunities of energy transition,” CEO of BMO Capital Markets Dan Barclay said in a statement. BMO did not disclose the financial terms of the deal. (The Logic)
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The purchase will give the bank new capacity in carbon credit development and “help our clients understand and manage the risks and opportunities of energy transition,” CEO of BMO Capital Markets Dan Barclay said in a statement. BMO did not disclose the financial terms of the deal. (The Logic)
Talking point: Major Canadian lenders have shown growing interest in carbon offset markets, which are expected to be a central mechanism in efforts to curb global emissions. Currently, some emitters can sell their GHG reductions on offset markets in Europe, Canada and elsewhere, a system that encourages the private sector to trim its emissions profile through financial incentives. Radicle, with 130 staff and 4,000 clients, has emerged as one of the biggest platforms for carbon offsets.
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