Actors / Company ·
Hess Corporation
Appears in 2 cases in this database. Roles as given in the documented record.
| Case | Role | Country | Period | Instrument |
|---|---|---|---|---|
| Hess agreed to buy at least US$750 million of Guyana forest credits | Oil partner in the Stabroek block; buyer under the REDD+ commitment | Guyana | 2011–2032 | Carbon credits |
| Hess agreed to buy at least $750m of Guyana forest credits | credit buyer; Guyana oil-block partner | Guyana | 2022–2032 | Carbon credits |
Appears alongside
Terms used on this page
Carbon and conservation finance
- Carbon credit
- A certificate representing one tonne of carbon dioxide (or equivalent) that a project says it reduced, avoided or removed. Buyers use credits to balance their own emissions in climate claims.
- REDD+
- Reducing Emissions from Deforestation and forest Degradation. A UN framework under which forest projects earn carbon credits for deforestation they say they prevented, measured against a projected baseline.