Oaktree Data-Center Venture to Sell CO2 Credits to Big Tech (1)

Pure Data Centres, a UK firm backed by private credit specialist Oaktree Capital Management, is launching a platform to sell carbon-removal credits to large cloud-computing providers.

Through its climate-technology subsidiary, A Healthier Earth, Pure DC says the credits will help expand a market viewed as critical to corporate efforts to limit carbon pollution. The initiative comes as many data centers continue to rely on fossil fuels to meet soaring power demand, driving up greenhouse gas emissions.

For companies seeking a way to offset the ballooning carbon emissions from running AI workloads, carbon-removal credits represent an essential tool, ...