Goldman Sachs marketed $12 million worth of carbon offsets to CE2 Carbon Capital in what Goldman Sachs is calling the largest publicly announced U.S. offset deal so far, reports Reuters.

CE2 Carbon Capital is a U.S. investor and owner of carbon-based assets and commodities.

Goldman Sachs sold the offsets on behalf of Blue Source, a company that generated the offsets from projects aimed at preventing forests from being cut down, as well as carbon capture projects at landfills and coal mines. Goldman Sachs is a minority partner in Blue Source.

The forestry offsets came from tree stands that were protected by convincing farmers in North Carolina not to cut down the trees.

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