Meta Platforms has entered into a long-term agreement with BTG Pactual Timberland Investment Group to purchase up to 3.9 million carbon offset credits by 2038, marking the company's first significant engagement in carbon removal projects in Brazil. The deal includes an initial purchase of 1.3 million credits, with an option for an additional 2.6 million, and is valued at approximately $16 million based on current pricing for forestry carbon offsets. This partnership supports Meta's commitment to achieving net zero emissions across its value chain by 2030 and involves forest restoration projects in Latin America, where over 7 million seedlings have been planted. Despite high-profile transactions like this, there is growing skepticism in the market regarding the efficacy of carbon offsets, with some companies reducing their purchases. The project is backed by Conservation International as an impact adviser to ensure biodiversity and community development. Meta's move follows a similar transaction by Microsoft earlier this year, which purchased 8 million carbon credits from the same group.