Business Wire
BusinessBerkshire Hathaway’s Greg Abel adds to his latest technology bet in Bending Spoons, according to market coverageThe Apex TimesBusinessMeta regains momentum, analysts say, as AI agent and frontier model roll out draws early praiseThe Apex TimesBusinessCoca-Cola vs. Duke Energy dividend debate highlights yield gap and long-term income assumptionsThe Apex TimesBusinessDisney reportedly offers $20 million for Character.AI’s IP as lawsuits swirl around chatbot self-harm claimsThe Apex TimesBusinessApple readies legal push against UK proposal to open iPhone tap-to-pay rules, with fees at the centerThe Apex TimesBusinessFTC sends about $9.8 million to roughly 65,000 Walmart wire-transfer victims, company faces renewed scrutiny on payment fraud controlsThe Apex TimesBusinessEvercore ISI Says Apple’s iPhone Duo Pre-Order Demand Is “Solidly Out of the Gate,” With Delivery Dates Pushed to Late JanuaryThe Apex TimesBusinessExxonMobil says stronger refining margins could add $4.5 billion to third-quarter Energy Products profitThe Apex TimesBusinessFAA approval for Boeing 737 MAX 10 appears imminent, but Wall Street still trims outlooksThe Apex TimesBusinessTesla’s earnings track record suggests big stock moves, often to the downsideThe Apex TimesBusinessGoogle’s Gemini heads to Geely’s overseas cars, turning AI assistance into an in-car platformThe Apex TimesBusiness“Walmart recession announcement” used to flag 2008 downturn is reportedly climbing again, economist saysThe Apex TimesBusinessBerkshire Hathaway’s Greg Abel adds to his latest technology bet in Bending Spoons, according to market coverageThe Apex TimesBusinessMeta regains momentum, analysts say, as AI agent and frontier model roll out draws early praiseThe Apex TimesBusinessCoca-Cola vs. Duke Energy dividend debate highlights yield gap and long-term income assumptionsThe Apex TimesBusinessDisney reportedly offers $20 million for Character.AI’s IP as lawsuits swirl around chatbot self-harm claimsThe Apex TimesBusinessApple readies legal push against UK proposal to open iPhone tap-to-pay rules, with fees at the centerThe Apex TimesBusinessFTC sends about $9.8 million to roughly 65,000 Walmart wire-transfer victims, company faces renewed scrutiny on payment fraud controlsThe Apex TimesBusinessEvercore ISI Says Apple’s iPhone Duo Pre-Order Demand Is “Solidly Out of the Gate,” With Delivery Dates Pushed to Late JanuaryThe Apex TimesBusinessExxonMobil says stronger refining margins could add $4.5 billion to third-quarter Energy Products profitThe Apex TimesBusinessFAA approval for Boeing 737 MAX 10 appears imminent, but Wall Street still trims outlooksThe Apex TimesBusinessTesla’s earnings track record suggests big stock moves, often to the downsideThe Apex TimesBusinessGoogle’s Gemini heads to Geely’s overseas cars, turning AI assistance into an in-car platformThe Apex TimesBusiness“Walmart recession announcement” used to flag 2008 downturn is reportedly climbing again, economist saysThe Apex TimesBusinessBerkshire Hathaway’s Greg Abel adds to his latest technology bet in Bending Spoons, according to market coverageThe Apex TimesBusinessMeta regains momentum, analysts say, as AI agent and frontier model roll out draws early praiseThe Apex TimesBusinessCoca-Cola vs. Duke Energy dividend debate highlights yield gap and long-term income assumptionsThe Apex TimesBusinessDisney reportedly offers $20 million for Character.AI’s IP as lawsuits swirl around chatbot self-harm claimsThe Apex TimesBusinessApple readies legal push against UK proposal to open iPhone tap-to-pay rules, with fees at the centerThe Apex TimesBusinessFTC sends about $9.8 million to roughly 65,000 Walmart wire-transfer victims, company faces renewed scrutiny on payment fraud controlsThe Apex TimesBusinessEvercore ISI Says Apple’s iPhone Duo Pre-Order Demand Is “Solidly Out of the Gate,” With Delivery Dates Pushed to Late JanuaryThe Apex TimesBusinessExxonMobil says stronger refining margins could add $4.5 billion to third-quarter Energy Products profitThe Apex TimesBusinessFAA approval for Boeing 737 MAX 10 appears imminent, but Wall Street still trims outlooksThe Apex TimesBusinessTesla’s earnings track record suggests big stock moves, often to the downsideThe Apex TimesBusinessGoogle’s Gemini heads to Geely’s overseas cars, turning AI assistance into an in-car platformThe Apex TimesBusiness“Walmart recession announcement” used to flag 2008 downturn is reportedly climbing again, economist saysThe Apex TimesBusinessBerkshire Hathaway’s Greg Abel adds to his latest technology bet in Bending Spoons, according to market coverageThe Apex TimesBusinessMeta regains momentum, analysts say, as AI agent and frontier model roll out draws early praiseThe Apex TimesBusinessCoca-Cola vs. Duke Energy dividend debate highlights yield gap and long-term income assumptionsThe Apex TimesBusinessDisney reportedly offers $20 million for Character.AI’s IP as lawsuits swirl around chatbot self-harm claimsThe Apex TimesBusinessApple readies legal push against UK proposal to open iPhone tap-to-pay rules, with fees at the centerThe Apex TimesBusinessFTC sends about $9.8 million to roughly 65,000 Walmart wire-transfer victims, company faces renewed scrutiny on payment fraud controlsThe Apex TimesBusinessEvercore ISI Says Apple’s iPhone Duo Pre-Order Demand Is “Solidly Out of the Gate,” With Delivery Dates Pushed to Late JanuaryThe Apex TimesBusinessExxonMobil says stronger refining margins could add $4.5 billion to third-quarter Energy Products profitThe Apex TimesBusinessFAA approval for Boeing 737 MAX 10 appears imminent, but Wall Street still trims outlooksThe Apex TimesBusinessTesla’s earnings track record suggests big stock moves, often to the downsideThe Apex TimesBusinessGoogle’s Gemini heads to Geely’s overseas cars, turning AI assistance into an in-car platformThe Apex TimesBusiness“Walmart recession announcement” used to flag 2008 downturn is reportedly climbing again, economist saysThe Apex Times
Back to front
Amazon to Buy Nearly Half of Carbon Credits From South Africa Spekboom Restoration Project
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 30, 10:23 AM EDT

Amazon to Buy Nearly Half of Carbon Credits From South Africa Spekboom Restoration Project

The e-commerce and cloud giant said it will purchase just under half of the credits expected from a project that plants Spekboom thickets on degraded land in South Africa, a move aimed at supporting carbon-removal claims tied to land restoration.

said it will buy “just less than half” of the carbon credits to be generated by a land-restoration project in South Africa known for using Spekboom, a plant associated with long-term carbon sequestration through growth and biomass accumulation.

The project, described as focused on restoring degraded land, plans to establish thickets of Spekboom, which the reporting ties to the plant’s ability to draw down carbon from the atmosphere. The carbon credits Amazon will purchase are linked to the carbon-removal activity expected from those plantings.

In practical terms, carbon credits are quantified permits or certificates that represent a measured amount of greenhouse-gas reduction or removal. For companies, purchasing credits is often used to complement operational decarbonization efforts, particularly when direct emissions cuts and reductions from energy supply cannot fully account for an emissions profile in the near term.

While Amazon did not, in the available announcement, provide figures beyond the “just less than half” purchasing commitment, it characterized the deal as a way to support carbon-credit generation from the South African restoration effort. The reporting also frames the agreement around a specific nature-based approach rather than a purely industrial abatement project.

The disclosed information does not specify the delivery timetable for the credits, the contract length, the crediting standard used to issue them, or whether Amazon’s purchase is tied to verified outcomes over multiple years. Those elements are typically central to how investors and stakeholders evaluate the credibility and durability of nature-based carbon removals.

Sector-wide, corporate demand for carbon credits has increased as companies seek additional pathways to meet sustainability targets. Nature-based projects, particularly those involving forestry and managed vegetation, have also faced scrutiny regarding measurement uncertainty, permanence risks, and the likelihood that ecological gains persist over time.

An additional question for this kind of arrangement is how the credit accounting aligns with Amazon’s broader climate strategy, including what portion of any reported progress is expected to come from internal emissions reductions versus external credit purchases. The announcement available here does not break down that balance or provide a broader framework beyond the credit purchase commitment itself.

Looking ahead, the market will likely focus on whether the Spekboom project’s credits are issued under an established verification system, how quickly credits are delivered, and what independent assessments say about the permanence and effectiveness of carbon sequestration from land restoration. Amazon’s next disclosures, if any, may clarify deal terms and the methodology behind the credits it is buying.

Why It Matters

  • Nature-based carbon credit purchases can become a significant element of how large companies report progress toward emissions goals, especially when internal cuts are not yet sufficient.
  • How Spekboom-based restoration credits are measured and verified will influence confidence in the quality and durability of the carbon removals.
  • The deal highlights ongoing corporate interest in land restoration projects in emerging markets, which can also raise questions about permanence, monitoring, and long-term stewardship.
  • The absence of granular contract and methodology details in the initial disclosure may lead to follow-up scrutiny from analysts and stakeholders as more documentation becomes available.

Sources

Key Facts

  • Amazon said it will purchase just less than half of the carbon credits expected from the Bacon Tree project in South Africa.
  • The project is centered on restoring degraded land by planting Spekboom thickets.
  • Spekboom is described in the reporting as sequestering carbon through its growth and biomass.
  • The reporting frames the agreement as an Amazon carbon-credit purchase tied to nature-based carbon removal rather than industrial emissions reductions.
  • The available announcement did not disclose detailed deal terms such as credit delivery schedules, contract duration, or the specific crediting/verification standard used.
  • The available information does not provide additional quantitative project metrics beyond the “just less than half” purchasing commitment.

Technology Related

Amazon to Buy Nearly Half of Carbon Credits From South Africa Spekboom Restoration Project | The Apex Times