Carbon Neutral Royalty inks C$25m facility with Beedie Capital

• Carbon Neutral Royalty was founded in August 2021 to finance projects in voluntary carbon markets
• The funds raised will be used to finance commitments with existing partners and pipeline projects
• Beedie Capital is a direct investment platform that manages the alternative investments of Beedie, a Canadian owner and developer of industrial, commercial and residential real estate

Carbon Neutral Royalty, a Vancouver-based permanent capital vehicle focused on financing and supporting decarbonization projects, has secured a facility of up to C$25 million. The facility’s provider is Beedie Capital.

Carbon Neutral Royalty was founded in August 2021 to finance projects in voluntary carbon markets.

The funds raised will be used to finance commitments with existing partners and pipeline projects that are aligned with Carbon Neutral Royalty’s purpose of mitigating climate change and supporting local communities.

Luke Leslie, CEO of Carbon Neutral Royalty, said in a statement, “We’re delighted to have successfully closed this latest round of financing with a partner of Beedie Capital’s calibre. By allocating investment based on our own analysis of the VCM and using innovative structures, CNR seeks to encourage the flow of much needed funding to high impact projects.”

Beedie Capital is a direct investment platform that manages the alternative investments of Beedie, a Canadian owner and developer of industrial, commercial and residential real estate.