Mombak said it plans to reforest more than 10,000 hectares, or nearly 25,000 acres, of degraded pastureland and generate up to six million carbon credits, each one equal to 1 metric ton of CO2 removed from the air. "France's Axa Plows $49 Million Into Amazon Reforestation," at 7 a.m. ET on July 18 incorrectly said this was an area larger than Lake Superior.

(END) Dow Jones Newswires

July 20, 2023 12:13 ET (16:13 GMT)

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