Blackstone Invests $400 Million in Environmental Commodity Exchange Xpansiv

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Blackstone will make investments $400 million in Xpansiv Ltd., a platform that lets buyers commerce belongings tied to the power transition equivalent to carbon offsets and renewable-energy credit, firm officers stated.

Xpansiv is an change that lets buyers swap offsets linked to inexperienced initiatives equivalent to preserving bushes, credit corporations obtain for purchasing clear energy and oil and gasoline contracts that account for the carbon footprint of fossil fuels. The corporate’s software program supplies the underlying challenge information backing up these belongings.

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