First Nations-owned GECO acquires Canadian carbon firm Carbonzero

What's the deal? Gitxaała Enterprises (GECO)Dealroom has a profile for this one. Try Dealroom →, the economic development arm of Canada's Gitxaała NationDealroom has a profile for this one. Try Dealroom →, has acquired CarbonzeroDealroom has a profile for this one. Try Dealroom →, a provider of greenhouse gas accounting and offsetting solutions. Terms were undisclosed. The deal was announced in October 2026.

What's the endgame? The acquisition lets Carbonzero widen its reach in Canada's compliance carbon markets. Through Gitxaała Nation's ownership of carbon credits from the Great Bear Rainforest, Carbonzero will expand into British Columbia's Output-Based Pricing System compliance market, adding to its existing voluntary-market and corporate climate work.

Why it matters: GECO chief executive officer Michael Uehara said Carbonzero brings "deep expertise, an established reputation, and more than 20 years of experience" that GECO can build on to grow its capacity in climate and carbon markets.

What's next? The two see room to strengthen First Nations participation in climate initiatives, develop new partnerships, and support organisations shifting to a lower-carbon economy.

The signal: The deal marks a move by an Indigenous-owned enterprise to take a direct stake in Canada's carbon markets, pairing credit ownership with established accounting expertise as compliance regimes expand.

Read more: carbn.exchange

Image credit: SimonXIX