Crypto Crash Stalls WeWork Founder Adam Neumann’s Climate Venture

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Crypto Crash Stalls WeWork Founder Adam Neumann’s Climate Venture
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Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits. Then the markets tanked.

Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits, then the markets tanked

The Katingan Mentaya project in Indonesia sponsors production of coconut palm sugar from trees like this one, in a bid to prevent deforestation. Flowcarbon has offered to sell credits from Katingan, according to an archived snapshot of its web site from last year.

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