Wren recently purchased a majority stake in Pacific Biochar, one of carbon removal&#39;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&#39;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.This Episode&#39;s Sponsors<a href="https://www.absoluteclimate.com" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠Absolute Climate:⁠⁠⁠⁠⁠⁠ the only standard that’s developed independent of registries⁠⁠⁠⁠⁠</a><a href="https://www.philiplee.ie" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠Philip Lee LLP: legal resources for carbon removal buyers and suppliers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a><a href="https://podcasts.apple.com/us/podcast/reversing-climate-change/id1321759767?i=1000715564727" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Listen to the RCC episode with Peter Minor from Absolute Climate⁠⁠⁠⁠⁠</a><a href="https://podcasts.apple.com/us/podcast/reversing-climate-change/id1321759767?i=1000728006363" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠Listen to the RCC episode with Ryan Covington from Philip Lee LLP⁠⁠⁠⁠⁠⁠</a>Become a sponsor by emailing carbon.removal.strategies[at]gmail.com<a href="https://share.hsforms.com/18pFh9zfLSEC_91U5xSocLwd0zxv?referrer_email=carbon.removal.strategies@gmail.com" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the 9Zero climate coworking space with my referral code⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>Resources<a href="https://creators.spotify.com/pod/show/reversingclimatechange/subscribe" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Become a paid subscriber of Reversing Climate Change⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a><a href="https://substack.com/@reversingclimatechangepodcast" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to the Reversing Climate Change Substack</a><a href="https://www.wren.co" target="_blank" rel="ugc noopener noreferrer">Wren</a><a href="https://pacificbiochar.com" target="_blank" rel="ugc noopener noreferrer">Pacific Biochar</a><a href="https://www.wren.co/blog/pacific-biochar-investment" target="_blank" rel="ugc noopener noreferrer">"Wren proudly invests in Pacific Biochar to scale carbon removal"</a><a href="https://www.cdr.fyi/leaderboards" target="_blank" rel="ugc noopener noreferrer">In case you want to see Pacific Biochar on the cdr.fyi supplier leaderboard.</a><a href="https://en.wikipedia.org/wiki/Benefit_corporation" target="_blank" rel="ugc noopener noreferrer">Benefit corporation</a><a href="https://www.kita.earth" target="_blank" rel="ugc noopener noreferrer">Kita</a><a href="https://podcasts.apple.com/us/podcast/reversing-climate-change/id1321759767?i=1000644610056" target="_blank" rel="ugc noopener noreferrer">"313: Can carbon removal be insured?—w/ Racheal Notto & James Kench, Kita"</a>

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375: This CDR Marketplace Bought a Biochar Company. Now What?!—w/ Josiah Hunt of Pacific Biochar & Sophie Westover of Wren

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