Cases / Carbon credits · Guyana · 2011–2032
Hess agreed to buy at least US$750 million of Guyana forest credits
Short record: the main facts, with sources. A full case file has not been prepared.
Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Guyana agreed in 2022 to supply REDD+ forest credits to Hess, a partner in its Stabroek oil block, and IATA said in September 2025 that all CORSIA-eligible supply came from Guyana. Greenpeace said in 2011 that the McKinsey-assisted Guyana forest plan would let logging rise 20-fold.
What?
Guyana agreed to supply REDD+ forest credits to Hess, a partner in its Stabroek oil block, under a purchase commitment of at least US$750 million for 2022–2032. CarbonCredits.com
Where?
Guyana
When?
2011 (Greenpeace claim); 2022–2032 (Hess commitment); September 2025 (CORSIA supply) IATA
Who?
Gained
- Government of Guyana and its oil partner — Sale of REDD+ credits under the Hess commitment CarbonCredits.com
Lost
None on recordHarmed
- Guyana's forests — Greenpeace said the McKinsey-assisted plan would allow logging to rise 20-fold (2011)
Why?
Not stated in the sources reviewed.
How?
Hess signed a purchase commitment for REDD+ credits from Guyana, and IATA reported that Guyana supplied all CORSIA-eligible credits in September 2025. IATA
6 of 6 questions answered from the record
What happened
The record, in order.
Hess, a partner in Guyana's Stabroek oil block, signed a commitment in 2022 to buy at least US$750 million of REDD+ credits from Guyana over 2022–2032, according to CarbonCredits.com.
IATA said in September 2025 that all CORSIA-eligible supply came from Guyana.
Greenpeace said in 2011 that the McKinsey-assisted Guyana forest plan would allow logging to rise 20-fold.
In court and with insurers
Every proceeding and every insurer decision on record.
Lawsuits and rulings
No court case on record. No court has ruled on this case.
Insurers
No insurer decision on record.
What we don't know
Undisclosed, unproven, untried: recorded as data.
Nature
- Not measured Harm to nature: The record holds no measurement of harm to nature.
Record
- Insufficient Reported but not verified: Hess's Guyana credits could make its share of Stabroek emissions carbon neutral (Climate Home News and OilNOW, 2023).
- Insufficient Reported but not verified: an indigenous consent complaint about the Hess arrangement was rejected.
- None on record Reported without a source link: McKinsey wrote Guyana's forest plan.
- None on record Reported without a source link: Chevron bought Hess for US$53 billion.
- None on record The sources reviewed do not state whether the credits were issued or delivered, or their price.
Did the harm stop?
Not stated in the sources reviewed.
Who paid?
Not stated in the sources reviewed.
Sources
Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers
Press and investigations
- Hess signs $750m REDD carbon credits deal with GuyanaCarbonCredits.com · 2022
- IATA press release, 29 September 2025IATA · 2025-09-29
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