Wren recently purchased a majority stake in Pacific Biochar, one of carbon removal's most prolific credit deliverers. What led to this deal, and will this model be emulated in a 2026 that might find carbon removal companies interested in (or maybe desperate for) deals that prolong runway and keep their companies alive?

Wren is one of the oldest marketplaces (and so much more) in carbon removal with a record of doing things differently. Sophie Westover is their Head of Climate and is on the show representing their thinking on this deal.

Josiah Hunt is the Founder and CEO of Pacific Biochar. He's been making biochar since before most of us knew it was a thing. He shares a lot of realness about the difficulties of being a project developer—even a successful one—in carbon removal.

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Wren

Pacific Biochar

"Wren proudly invests in Pacific Biochar to scale carbon removal"

In case you want to see Pacific Biochar on the cdr.fyi supplier leaderboard.

Benefit corporation

Kita

"313: Can carbon removal be insured?—w/ Racheal Notto & James Kench, Kita"