Blackstone commits $400m to carbon offset commodity exchange Xpansiv

Blackstone commits $400m to carbon offset commodity exchange Xpansiv

The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid - RTSDKHE

Alternative asset manager Blackstone has announced that funds managed by Blackstone Energy Partners have committed $400 million to lead a strategic investment in Xpansiv Limited, a global marketplace for ESG-inclusive commodities.

Formed in 2019, Xpansive has exchanges in the US and Australia.

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