Carbon Streaming

What Carbon Streaming does

Carbon Streaming Corporation is a publicly traded ESG investment vehicle that applies the partnership-stream financing model, originally developed in the mining royalty sector, to high-integrity voluntary carbon credit projects. Founded in 2020 and headquartered in Vancouver, Canada, the company provides upfront and milestone-based capital to carbon credit project developers and operators in exchange for a contractual share of the credits generated over each project's life. Credits received under these streaming and royalty agreements are then sold in the voluntary (and selectively compliance) carbon markets via the company's website marketplace, direct buyer relationships, and wealth-management distribution partners. The company targets projects that advance the UN Sustainable Development Goals and pursues accreditations such as CCB and SD VISta to support premium pricing.

Carbon Streaming's active portfolio has been substantially rationalized since 2024. Surviving streams include the Enfield Biochar (Standard Biocarbon, ~320 metric tonnes produced cumulatively as at YE 2025), Waverly Biochar (Restoration Bioproducts), Cerrado Biome (ERA Brazil), Nalgonda Rice Farming (Core CarbonX, reassessed to nil fair value at YE 2025), and the Azuero Reforestation Carbon Removal Project in Panama (with Rubicon Carbon, Ponterra, and a Microsoft offtake for 100% of credits through 2040; initial credit issuance expected in 2029 with sales through 2052). The Community Carbon Stream was divested in March 2026 for $6.0M, while the Rimba Raya (Indonesia), MarVivo Magdalena Bay (Mexico), Sustainable Community (Will Solutions), and Mast Reforestation streams were settled, abandoned, or written down to nil between 2024 and 2025. The company holds a 50% equity interest in Carbon Fund Advisors, sponsor of the NYSE Carbon Strategy ETF (KARB), and a wealth-management distribution partnership with IG Wealth Management.

The business has undergone significant restructuring since late 2023. Headcount was reduced from 24 full-time salaries at the start of 2024 to 3 as at December 31, 2025; CEO Marin Katusa receives no salary, the CFO receives a part-time salary, and the Board continues to forgo remuneration. Multiple streaming agreements were written down to nil fair value, and in April 2025 the company filed suit in the Ontario Superior Court against several former executives, directors, and consultants alleging breaches of fiduciary duty, fraudulent misrepresentation, and unjust enrichment. As at March 31, 2026, Carbon Streaming reported $37.5M in cash, $47.6M in total assets, zero corporate debt, and Q1 2026 net income of $1.4M (versus a $0.8M net loss in Q1 2025). The company is publicly listed on Cboe Canada (NETZ), OTC (OFSTF), and the Frankfurt Stock Exchange (M2Q).

Name

Carbon Streaming

Legal name

Carbon Streaming Corporation

Website

https://carbonstreaming.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Carbon Streaming Corporation is a publicly traded ESG investment vehicle that applies a mining-royalty streaming model to high-integrity voluntary carbon credit projects, providing upfront capital to project developers in exchange for a contractual share of generated credits, then selling credits through its website marketplace and distribution partners.

Ownership category

akta.pro rank

Product category

Carbon Credit Investment Services

akta.pro primary industry

Carbon Offtake Structuring & Contracting (ERPA, Long-term Offtakes, Price Floors) (EUABADAE)

akta.pro secondary industries

Project-Originated Carbon Credit Marketing & Offtake (Primary Market) (EUAGAIAC), Carbon Credit Brokerage & Trading (Spot, Forward, Structured Products) (EUABADAB), Carbon Registries & Issuance Platforms (Project/credit lifecycle, serials, issuance, retirement) (EUABAAAA)

Keywords

• Carbon credit streaming
• Voluntary carbon markets
• Climate finance solutions
• Carbon credit investment
• Stream financing services

Headquarters

HQ city

Burlington

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Revenue model

1. Carbon Credit Sales: Primary revenue stream is the sale of carbon credits received under streaming and royalty agreements in the voluntary (and selectively compliance) carbon markets. Cash flows are subject to fluctuations in realized carbon credit prices and agreement-specific retention terms. Recent significant events include the Community Carbon buyout for USD $6.0 million and Microsoft offtake of 100% of credits from the Azuero Reforestation project through 2040.
2. Streaming & Royalty Agreement Settlements: Cash settlements and contract termination payments from counterparties under streaming/royalty agreements, including settlements with InfiniteEARTH ($0.7M cash and cancellation of 4,539,180 shares), MarVivo (mutual release), Mast ($0.5M), Citadelle ($0.2M), and Amazon Portfolio Royalty repayment agreements (~$1.1M expected by Q2 2026).
3. Interest Income on Cash Reserves: Earned interest income on the company's cash balance (USD $39.1 million at year-end 2025 and $37.5 million at end of Q1 2026), with no corporate debt.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Carbon Streaming applies a partnership streaming/royalty financing model (originated from the mining royalty sector) to high-integrity carbon credit projects worldwide. It provides upfront and milestone-based capital to project developers and operators in exchange for the right to receive a contracted percentage of verified carbon credits generated over each project's life, which are then sold to corporate buyers through a website marketplace and direct offtake agreements. The portfolio spans nature-based avoidance, blue carbon, biochar removals, sustainable agriculture, and tropical reforestation projects registered with Verra (VCS), Puro.earth, and Gold Standard.

Product overview

Carbon Streaming's offering is built around a single core financial product — the carbon credit streaming/royalty service — paired with a website-based carbon credits marketplace (launched June 2023) that enables direct purchase of credits from its portfolio. The core service applies a partnership/streaming financing model to high-integrity carbon credit projects, providing upfront and milestone capital to project developers in exchange for the right to receive a stream of carbon credits generated over the project's life. Its active portfolio of stream/royalty projects comprises the Enfield Biochar Stream, the Waverly Biochar Stream, the Cerrado Biome Stream, the Nalgonda Rice Farming Stream, and the Azuero Reforestation Stream (with Microsoft offtake through 2040); the Community Carbon Stream was divested via a $6.0M Buyout Agreement in March 2026. Earlier streams (MarVivo Blue Carbon Stream, Rimba Raya Biodiversity Stream, Mast Reforestation streams, and the Sustainable Community Stream with Will Solutions) were either settled, abandoned, or are in arbitration, while the Bonobo Peace Forest Stream is in development with the Bonobo Conservation Initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Credit Streaming Service Core financial service that provides upfront and milestone-based capital to project developers/operators of high-integrity carbon credit projects in exchange for the right to receive a contracted percentage of verified carbon credits generated over each project's life. Adapted from the partnership/streaming funding model used in the mining royalty sector. Focuses on avoidance, reduction, and removal projects that advance the UN Sustainable Development Goals, with credits issued to registries such as Verra (VCS), Puro.earth, and Gold Standard.
• Carbon Credits Marketplace Online buyer-facing marketplace that enables companies and individuals to purchase high-quality, verified carbon credits directly from Carbon Streaming's portfolio of high-integrity carbon credit projects, supporting their climate and ESG strategies.

Quantifiable outcome

• Reduced employee headcount from 24 to 3 full-time salaries (between start of 2024 and end of 2025), materially cutting annualized operating expenses
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

20 partnerships are on record, tiered minor, core and flagship.

• Jonathan Rubenstein and Hein Poulus (Expert Consultants)minorImplementation/ SI/ Consulting Partner · 1 October 2025Carbon Streaming Corporation announced the appointment of Jonathan Rubenstein and Hein Poulus as expert consultants on October 27, 2025 to strengthen legal and strategic oversight for litigation matters. Rubenstein has extensive mining sector litigation and acquisition experience.
• InfiniteEARTH Limited (PT InfiniteEARTH Nusantara)coreStrategic or Co-development Partner · 1 July 2025Original counterparty to the Rimba Raya Biodiversity Reserve carbon credit stream purchase and sale agreement dated July 30, 2021. Settlement in Q3 2025 included $0.7M cash to Carbon Streaming, cancellation of 4,539,180 common shares issued under the Strategic Alliance Agreement, and termination of arbitration and Ontario Superior Court proceedings.
• Fundación MarVivo México, A.C. and MarVivo CorporationcoreStrategic or Co-development Partner · 1 July 2025Counterparty to the Magdalena Bay Blue Carbon Stream (purchase and sale agreement dated May 13, 2021, as amended and restated July 24, 2023). Settlement accepts MarVivo's abandonment of the project effective September 20, 2024; Carbon Streaming retains seven-year re-acquisition rights.
• Blue Dot Acquisition targetminorStrategic or Co-development Partner · 1 July 2024Carbon Streaming announced the closing of the Blue Dot Acquisition on July 3, 2024. (Counterparty details not specified in source material.)
• BC First Nations Company (Strategic Partner)minorStrategic or Co-development Partner · 1 June 2024Strategic partnership with a British Columbia First Nations company announced June 3, 2021, supporting First Nations-led carbon projects.
• MicrosoftflagshipStrategic or Co-development Partner · 1 May 2024Microsoft has an offtake agreement to purchase 100% of carbon credits Carbon Streaming receives from the Azuero Reforestation Carbon Removal Project in Panama through 2040. The Azuero project was announced in May 2024 as a collaboration between Carbon Streaming, Rubicon Carbon, Ponterra and Microsoft. Microsoft's Senior Program Manager Climate Removal (Stephanie Harris) and Nature-based Solutions Lead, Carbon Removal (Annie Guo) have participated in co-hosted webinars with Carbon Streaming.
• Rubicon CarbonflagshipStrategic or Co-development Partner · 1 May 2024Co-development partner on the landmark Azuero Reforestation Carbon Removal Project in Panama, alongside Carbon Streaming, Ponterra and Microsoft. Project involves restoration of tropical forest and removal of carbon dioxide, with initial credit issuance expected in 2029 and ongoing credit sales through 2052.
• PonterraflagshipStrategic or Co-development Partner · 1 May 2024Co-development partner on the Azuero Reforestation Carbon Removal Project in Panama, alongside Carbon Streaming, Rubicon Carbon and Microsoft. The amended stream (December 2025) gives Carbon Streaming the option to fund an additional US$4.6M by June 30, 2026 or US$3.8M by June 30, 2027, with credit allocations ranging from ~54,000 to ~357,000 credits through 2052 depending on election.
• Mast Reforestation (Droneseed Co. / Legacy Reforestation SPV I, LLC)coreStrategic or Co-development Partner · 1 May 2023Counterparty on multiple reforestation streams (Sheep Creek, Feather River, Baccala Ranch) and a $0.5M convertible note. Fourth-quarter 2025 Mutual Release and Settlement Agreement terminated all legal relationships; Carbon Streaming received $0.5M and returned preferred shares of Droneseed Co.
• Carbon Fund Advisors, Inc.coreOEM/ Whitelabel/ Licensing Partner · 1 February 2023Carbon Streaming holds a 50% equity interest in Carbon Fund Advisors, the sponsor of the NYSE Carbon Strategy ETF (KARB). KARB was bell-rung at NYSE on February 7, 2023.
• Core CarbonXminorStrategic or Co-development Partner · 1 September 2022Counterparty to the Nalgonda Sustainable Rice Farming stream (announced September 30, 2022). Project registered with Verra under AMS-III.AU methodology in February 2025 and is expected to transition to the revised VM0051 rice methodology. Carbon Streaming reassessed fair value to nil at December 31, 2025.
• Future Carbon International LLC and Ecological Assessoria Ltda.minorStrategic or Co-development Partner · 1 September 2022Counterparties to the Amazon Portfolio Royalty. Ecologica Repayment Agreement (Q3 2025) and Future Carbon Repayment Agreement (Q4 2025) totalling ~$1.1M to be collected by Q2 2026; $0.9M collected by March 30, 2026. Upon full repayment, the royalty will be deemed satisfied and terminated.
• Standard Biocarbon CorporationcoreStrategic or Co-development Partner · 1 August 2022Counterparty to the Enfield Biochar carbon credit stream. Facility commenced initial biochar production in April 2024 and has produced approximately 320 metric tonnes cumulatively as at December 31, 2025. Pursuing CORC issuance via Puro.earth. Underwent a change of control in April 2025 with a new CEO appointed.
• Will Solutions Inc.coreImplementation/ SI/ Consulting Partner · 1 June 2022Counterparty to the Sustainable Community Stream (purchase and sale agreement dated June 20, 2022). Carbon Streaming terminated the agreement in Q3 2024 due to missed milestones and project delays, and initiated arbitration before ADR Chambers International in Q2 2025. $4.0M upfront deposit remains at stake.
• Community Carbon / UpEnergy Group (UPE Parties)coreStrategic or Co-development Partner · 1 May 2022Original counterparty to the US$20M clean cookstoves and safe water Community Carbon Stream (announced May 17, 2022). On March 12, 2026, Carbon Streaming signed a Buyout Agreement to sell the Community Carbon Stream and all related carbon credit inventory to the UPE Parties for total consideration of $6.0M.
• IG Wealth ManagementflagshipGTM or Marketing Partner · 1 May 2022Wealth-management distribution partnership under which IG Wealth Management delivers funds aligned with the global effort to reach net zero, built around Carbon Streaming's carbon credit projects. Announced May 17, 2022.
• Ecosystem Regeneration Associates (ERA Brazil)minorStrategic or Co-development Partner · 1 September 2021Counterparty to the Cerrado Biome Avoided Conversion grouped project in Brazil. Carbon Streaming invested approximately US$0.5M. Project covers 11,000 hectares of native forests and grasslands, projected to scale to an average of ~500,000 carbon credits per year over its 30-year project life.
• International Emissions Trading Association (IETA)coreOthers · 1 August 2021Industry association membership announced August 19, 2021. IETA logo displayed in the Partnerships & Memberships section of the corporate homepage. IETA supports the work of the Taskforce on Scaling Voluntary Carbon Markets (TSVCM) and Integrity Council for Voluntary Carbon Markets (IC-VCM).
• Bonobo Conservation Initiative (BCI)minorStrategic or Co-development Partner · 1 June 2021Carbon Streaming entered into a term sheet to provide initial funding for BCI to develop two carbon credit projects in the Democratic Republic of the Congo — the Sankuru Nature Reserve and the Kokolopori Bonobo Reserve — covering 67% of the Bonobo Peace Forest (5,258,700 hectares). Announced May 17, 2021.
• Canadian Business Sustainability Roundtable (CBSR)minorOthers · 1 January 2021CBSR partner logo displayed in the Partnerships & Memberships section of the corporate homepage. CBSR is a Canadian sustainability-focused business network.

Scale indicators12 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Brookfield Renewable Partners: Brookfield has built a large carbon credit investment and offtake platform alongside its renewable energy operations, including dedicated Brookfield Carbon Solutions initiatives. It is a broader incumbent in the same carbon credit investment/financing space Carbon Streaming targets, though at significantly larger scale and across a wider renewable/infra portfolio.
• South Pole Group: South Pole is one of the largest global carbon credit project developers, advisors, and traders, offering climate strategy consulting alongside credit origination. It competes with Carbon Streaming across project origination and corporate buyer intermediation but at much larger scale and with a broader services portfolio.
• Xpansiv: Xpansiv operates the CBL exchange and global carbon and environmental commodity trading infrastructure. It is a broader incumbent in the carbon markets infrastructure space, providing trading venues and data feeds that complement Carbon Streaming's project-level streaming model.
• Intercontinental Exchange (ICE): ICE operates compliance carbon markets, ICE Carbon Futures, and acquired Carbonplace to support voluntary carbon market infrastructure. It is a broad incumbent in carbon trading and infrastructure that sets pricing benchmarks relevant to Carbon Streaming's credit portfolio.

Direct peers

• Rubicon Carbon: Rubicon Carbon is a carbon credit management and investment firm that co-developed the Azuero Reforestation Project with Carbon Streaming, Microsoft, and Ponterra. It shares the same high-integrity project origination and offtake intermediation model and operates in the same nature-based and removal credit categories.

Emerging players

• Pachama: Pachama is a technology-driven carbon credit marketplace and project financing platform focused on nature-based solutions, using satellite and AI-based MRV. It overlaps with Carbon Streaming's nature-based project origination/financing business but is differentiated by its marketplace/tech orientation rather than streaming structure.
• Patch: Patch is a carbon credit API and marketplace platform that connects businesses to vetted carbon offset projects for direct purchase. It targets the same corporate buyer segment as Carbon Streaming's online marketplace and has co-hosted webinars with Carbon Streaming, making it a marketplace peer in the VCM distribution layer.
• Nori: Nori is a blockchain-based carbon removal marketplace focused specifically on agricultural and enhanced weathering removal credits. It overlaps with Carbon Streaming's removal-credit focus (biochar, reforestation) but is differentiated by its tech-forward, marketplace-only model.
• Cloverly: Cloverly provides a carbon credits API and marketplace for businesses to purchase offsets and integrate climate action into digital products. It targets the same corporate buyer segment as Carbon Streaming's online marketplace and competes for high-integrity credit distribution.
• Watershed: Watershed is a climate platform that helps enterprises measure, reduce, and offset emissions, including carbon credit procurement. It targets the same corporate buyer segment as Carbon Streaming's marketplace and competes for enterprise carbon credit purchasing budgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CarbonStreamer
• LinkedInlinkedin.com/company/carbonstreaming

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carbon Streaming