Commercial, GHG Emissions  -  June 26, 2023

Boston Consulting Group Enters Into Carbon Removal Credit Agreement

Boston Consulting Group (BCG), a management consulting firm, entered into a partnership for a 40,000-ton carbon removal agreement.

The agreement was entered into with CarbonCapture Inc., a direct air capture (DAC) company.

The partnership covers both BCG’s purchase of CarbonCapture’s atmospheric carbon dioxide removal services as well as an intention to support CarbonCapture’s business strategy through BCG’s management consulting services.

The carbon removal agreement with CarbonCapture will span a five-year period, supporting BCG’s commitment to achieving net zero climate impact by 2030. This represents the second largest publicly announced global direct air capture (DAC) offtake deal by volume.

“Carbon dioxide removal is critical to achieve net zero emissions globally, and DAC is a very promising technology,” said David Webb, BCG’s chief sustainability officer, in a statement. “Rapid innovation and scaling are needed to help reach its future potential. This requires early investment and long-term corporate commitments today. ”

CarbonCapture’s technology platform offers multiple benefits, including unique modular hardware that can be mass-produced and an open architecture that enables the optimization of sorbents across different climates. The company is currently developing Project Bison, a large DAC facility in Wyoming that will include a phased rollout plan to capture and store five million tons of atmospheric carbon dioxide per year by 2030.

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