Blackstone Makes $400M Investment In Environmental Commodities Exchange Xpansiv

  • Blackstone Inc BX commits to invest $400 million in Xpansiv Limited, the market-infrastructure platform for global carbon and environmental commodities.
  • Xpansiv helps investors to trade in sustainable assets, including carbon offsets and renewable-energy credits, WSJ reported.
  • It also lets investors swap offsets linked to green projects such as preserving trees, credits companies receive for buying clean power, and oil and gas contracts accounting for the carbon footprint.
  • Blackstone's capital will enable Xpansiv's growth across organic initiatives and future acquisitions. 
  • The investment will be facilitated through funds managed by Blackstone's energy-focused private-equity business, Blackstone Energy Partners.
  • "We believe environmental commodities are a critical new asset class that must scale exponentially to meet climate change mitigation targets pledged by governments, companies, and entire industries," Bilal Khan, Senior Managing Director at Blackstone.
  • Price Action: BX shares are trading higher by 0.92% at $94.83 in premarket on the last check Thursday.
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