Wall Street Firm Makes a $1.8 Billion Bet on Forest Carbon Offsets

Oak Hill Advisors and partners bought 1.7 million acres of eastern hardwood forests to reduce logging and increase carbon deals

By Ryan DezemberFollow | Photographs by Amanda Andrade-Rhoades for The Wall Street Journal Updated Nov. 2, 2022 8:05 am ET

PISGAH, Md.—A major player in credit markets has made one of the largest U.S. timberland purchases in years, laying Wall Street’s biggest wager yet on forest carbon markets.

Oak Hill Advisors LP, a subsidiary of T. Rowe Price Group Inc. TROW 1.59%increase; green up pointing triangle that manages $56 billion and is best known as a corporate-debt investor, said that it led a consortium to pay about $1.8 billion for 1.7 million acres of forest. (Continue to full article)