Pillsbury Client Climate Investment Invests in Trace Carbon Solutions - Pillsbury Winthrop Shaw Pittman
Pillsbury Client Climate Investment Invests in Trace Carbon Solutions
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
10.25.23
Pillsbury advised Climate Investment in its recent investment in leading North American carbon capture and sequestration (CCS) development platform Trace Carbon Solutions.
With a deep expertise in CCS, Climate Investment provides both the risk capital and the technical expertise necessary to drive forward CCS technologies and projects, according to a company press release. Climate Investment is an independently managed specialist investor founded by member companies of the Oil & Gas Climate Initiative (OGCI).
Click here to learn more about the investment.
The Pillsbury deal team was led by Corporate partner Patrick Devine and included Tax partner Brett Willis, Projects partner Robert James and Corporate associate Erin Choo.
Related Knowledge Center: Carbon capture
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.