Partnership supports collaboration in the sourcing of, and investment in, carbon credit generation projects for early-stage investment.
Ottawa, April 6, 2022 – Invert Inc. (“Invert” or “the Company”), a specialized emissions reduction and carbon offsetting company, and Ripple Inc. (“Ripple”), a provider of enterprise crypto and blockchain solutions, are pleased to announce a partnership to collaborate in the sourcing of, and investment in, carbon credit generation projects for early-stage investment. Ripple and Invert are aligned in their goals to support carbon reduction and removal projects and help fight climate change. By working together, Ripple and Invert will vet and accelerate capital deployment to build a broader portfolio of credit generation projects.
Invert invests in projects that result in high-quality, meaningful carbon credits being created, such as planting a forest or building a machine that removes CO2 from the air. The Company has assembled a world class team of experts across forestry, blue carbon, biochar and other areas of carbon project development, and has a large pipeline of exciting project opportunities that can contribute towards the reduction of C02 in our atmosphere.
Ripple Inc. is committed to leading climate positive work in the crypto and blockchain space. This partnership is the company’s latest initiative to help build a carbon neutral future. Through reducing emissions, purchasing clean energy and investing in carbon removal projects such as reforestation, biochar and carbon sequestration, Ripple has made a commitment to become carbon net-zero by 2030 or sooner. In addition, Ripple’s existing partnerships with organizations like Crypto Climate Accord, Rocky Mountain Institute, Energy Web and AIR continue to help achieve industry wide sustainability.
“This is a win-win-win for Invert, Ripple, and the world,” said Mark Zekulin, Chairman, Invert. “The more collaboration we can bring to investing in projects that will remove or reduce greenhouse gas emissions, the more rapidly we create solutions to fight climate change. We are excited to work with Ripple and look forward to building a strong relationship over the years to come.”
“Ripple is committed to bringing industry stakeholders together to contribute ideas, technical innovations, policy ideas and new financing for innovations to help meet global climate goals,” said Ken Weer, Vice President, Ripple Impact. “Our partnership with the team at Invert helps to ensure that we can support high quality projects that will drive meaningful change and investment in fighting the climate crisis.”
About Invert
Invert is a leading carbon-reduction and removal company committed to empowering businesses, communities, and individuals to take bold climate action. With a mission to drive global goals for decarbonization, Invert is dedicated to making a measurable impact on our planet’s future. We empower action through carbon project origination and financing, sourcing high-integrity carbon credits for businesses, and providing a software platform for organizations to bring employees along the climate-action journey.
About Ripple
Ripple is a crypto solutions company that transforms how the world moves, manages and tokenizes value. Ripple’s financial solutions are faster, more transparent, and more cost effective – solving inefficiencies that have long defined the status quo. Together with partners and the larger developer community, we identify use cases where crypto will inspire new business models and create opportunities for more people. With every solution, we’re realizing a more sustainable global economy and planet – increasing access to inclusive and scalable financial systems while leveraging carbon neutral technology and a green digital asset, XRP. This is how we deliver on our mission to build crypto solutions for a world without economic borders.
