JPMorgan’s 13-year carbon removal deal with Canadian firm CO₂80, covering 450,000 metric tons of CO₂, demonstrates its long-term commitment to advancing the carbon offset market

Quotes that support claims

The agreement, which benefits from U.S. tax incentives, shows JPMorgan’s willingness to take long-duration positions in carbon removal projects—a sharp contrast to the speculative, short-term trading that has defined much of the market

The bank’s recent actions reflect its long-term commitment. Just weeks before announcing the Kinexys pilot, JPMorgan signed a 13-year deal with Canadian carbon capture firm CO₂80, securing 450,000 metric tons of CO₂ removal at under $200 per ton.