Hedge Fund Invests $500 Million in Carbon Projects

If you're new here, you may want to subscribe to our RSS feed or daily email newsletter.

New York based Och-Ziff Capital Management is going to invest a whopping $500 million in carbon infrastructure projects. The initiative involves a partnership with Blue Source LLC - a reputed climate change portfolio of greenhouse gas emission credits along with carbon capture and sequestration (CCS) projects. The hedge fund has also reportedly taken a ten per cent stake in Blue Source.

A major chunk of the funds will go towards the development of carbon and methane capture technologies. In particular, special emphasis will be laid on a project that Blue Source is currently working on, that is, establishing a “carbon highway” - a network of pipelines running across North America that will capture, transport and safely bury harmful greenhouse gas emissions.

Investments will also be undertaken to increase energy efficiency and reduce carbon and other emissions engendered by the production of power, fertilizer and natural gas, coal mining and waste water treatment.