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During his lecture today at Rio Oil & Gas, the largest meeting of the oil sector in Latin America, the CEO of BlockC, Carlos de Mathias Martins Junior, explained in detail the process of neutralizing the event's carbon emissions. The curation and purchase of credits equivalent to the emission of 170 tons of CO2 into the atmosphere was carried out through AirCarbon Brasil, the first carbon credit exchange in the country. BlockC is one of the partners of AirCarbon Brasil.

The carbon credits acquired by Rio Oil & Gas were generated by the Envira Amazônia Project, from Carbonext, responsible for the preservation of a forest area of more than 39 thousand hectares in Acre. The project develops agroforestry activities with the communities in the region to keep the forest standing, generating a sustainable harvest of açaí, copaíba, rubber and various medicinal plants. These communities receive technical training in sustainable agriculture, monitoring of working conditions, a health center with a dental clinic and monitoring of children's attendance at schools. Local representatives also receive training to measure the carbon inventory, which generates credits such as those acquired by Rio Oil & Gas to neutralize its emissions.

In the lecture, which opened the ArenaESG of the event, the CEO of BlockC shared the stage with the Executive Director of the Brazilian Institute of Oil and Gas, Fernanda Delgado, the institution that organizes Rio Oil & Gas. ArenaESG's objective is to promote dialogue between the oil sector and society, consolidating the debate on the role of this industry in combating climate change and in the energy transition. 

Held in Rio de Janeiro – a city that hosts key companies in segments considered “hard to slaughter”, that is, where there is no economically viable technology to eliminate carbon emissions completely – Rio Oil & Gas stands out for its concern in offsetting their emissions, following a recent trend in the oil sector, naturally known for its emissions.

The event takes place until September 29, bringing together more than 350 exhibitors, among which are the main companies in the oil sector operating in the country. Many of them also chose BlockC to design and implement their decarbonization strategies.