WSJ News Exclusive | Blackstone Invests $400 Million in Environmental Commodity Exchange

black Stone Company officials said Xpansiv Ltd. , a platform that allows investors to trade assets associated with the energy transition, such as carbon offsets and renewable-energy credits.

Xpansiv is an exchange that lets investors swap offsets associated with green projects such as preserving trees, credits companies receive to buy clean electricity and oil and gas contracts account for the carbon footprint of fossil fuels, The company’s software provides the underlying project data backing these assets.