JPMorganChase purchases 85,000 tons of forest-based carbon removal credits from Anew Climate and Aurora Sustainable Lands

JPMorganChase entered a supply agreement to purchase 85,000 tons of forest-based carbon removal credits from Anew Climate and Aurora Sustainable Lands, marking the bank's second carbon removal deal in April 2026 following a 60,000-ton agreement with Graphyte. The credits will be generated from the Little Bear Forestry Project, a 1.7 million-acre forestland portfolio managed by Aurora Sustainable Lands along the Appalachian Mountains in West Virginia and Virginia. Aurora, a joint venture majority-owned by TPG Rise and backed by Oak Hill Advisors, AB CarVal, EIG, and GenZero, employs a carbon stewardship strategy focused on maximizing natural carbon removal and storage potential while safeguarding ecosystem integrity. Anew Climate will market the credits using its Epoch Evaluation Platform, which applies dynamic baselines with high-resolution remote sensing, satellite-based carbon tracking, machine learning, and ground observations to verify climate impact. The transaction aligns with JPMorganChase's goal to match every ton of unabated Scope 1 direct operational GHG emissions with durable carbon removal by 2030.

Counterparts (7)

parent_company

TPG Rise

company

Global alternative asset manager with $303B in AUM, investing across private equity, credit, real estate, and market solutions. Founded in 1992 with a focus on innovation-led growth and diversified investment strategies.

A

AB CarVal

company

GenZero

company

Singapore-based investment platform company founded by Temasek, focused on accelerating global decarbonisation through patient capital investments in nature-based solutions, climate-driven technologies, and carbon ecosystem enablers.

E

EIG

company

EIG is a leading institutional investor in the global energy and infrastructure sectors. EIG specializes in private investments in energy and energy-related infrastructure on a global basis and manages $24 billion for institutional investors.

supplier

Anew Climate

company

Anew Climate is a decarbonization solutions provider with over 20 years of experience, backed by TPG Rise Climate, and operating across various sectors including technology, industrial, agriculture, and transportation.

Aurora Sustainable Lands

company

Aurora Sustainable Lands acquires, develops, and manages large-scale land portfolios for renewable energy generation, sustainable agriculture, and conservation projects.

Buyer

JPMorganChase

company · 1 deals

JPMorganChase is a leading global financial services firm with a focus on serving clients, customers, communities, and employees. They are dedicated to creating opportunities for financial growth worldwide and supporting global and local economies.