Petrobras and Shell Fund $18.6M Carbon Stock Study Across Brazil
Petrobras and Shell are jointly funding the Carbon Countdown initiative with over $18.6 million to assess carbon storage in Brazil's soils and forests. The project, led by the University of São Paulo's Center for Carbon Studies, aims to create a comprehensive database of carbon stocks across all Brazilian states through 6,500 sampling sites, while addressing concerns about the involvement of fossil fuel companies in climate research.
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Petrobras and Shell will jointly finance the Carbon Countdown initiative with over $18.6 million to measure carbon storage in Brazil's soils and forests. The study aims to create a comprehensive database of carbon stocks across all Brazilian states, enhancing climate policy and carbon market accuracy.
Led by the University of São Paulo's Center for Carbon Studies, the project involves 6,500 sampling sites and aims to publish findings in peer-reviewed journals. Critics raise concerns about fossil fuel companies funding climate research, while project leaders emphasize transparency.
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