Octopus Energy Generation has committed $500 million to Living Carbon, a biotech startup that plants trees on degraded land to remove carbon dioxide from the atmosphere, aiming to remove up to 50 million tonnes over 40 years. Google, Meta, and McKinsey have separately purchased 131,240 tonnes of carbon credits from Living Carbon’s Appalachian projects through the Symbiosis Coalition. The tech companies buying these credits are the same companies whose AI data centres are driving the fastest growth in global electricity consumption. The deal will fund reforestation projects across North America, with the goal of removing up to $50 million tonnes of CO₂ over the next 40 years, and Octopus has invested $13 million directly in Living Carbon's carbon business. Living Carbon was founded in 2019 by Maddie Hall and Patrick Mellor as a public benefit company focused on restoring land that would not recover on its own. The company raised $21 million in a Series A round backed by Lowercarbon Capital, Temasek, Toyota, and Felicis Ventures, and has since expanded its operations to planting millions of trees annually. The corporate buyers of Living carbon credits are members of the Symbios Coalition, an advance market commitment for nature-based carbon removal formed in 2024.