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Context Labs Announces CLEAR Path Platform to Catalyze Change in Environmental Commodities Markets

Context Labs, an Enterprise Data Fabric Climate Tech company based in Cambridge, MA, and Amsterdam, announced the launch of its CLEAR Path Platform (Context Labs Environmental Attribute Registry). CLEAR Path ensures that the fundamental building blocks, “data,” for environmental attributes and differentiated commodities, (e.g., carbon, renewable energy credits, water, plastics, and emission certifications), are transparent, secure, attested, trusted, and traceable. These new advanced capabilities provide a solution to mitigate green-washing and avoid double-counting within the industry, targeted at reliably accelerating the global energy transition.

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Powered by the company’s Immutably™ Enterprise Data Fabric, CLEAR Path™ converges advanced machine learning/AI and blockchain technologies to form new empirical, data-driven registry capabilities rendering data as “Asset Grade Data (AGD).” CLEAR Path™ is being supported at launch by KPMG LLP along with select leading global firms, including Williams, Parsons, Project Canary, Carbon GeoCapture, and OxoCarbon.

“Regulators are increasingly mandating carbon transparency. This is driving increased interest in the carbon intensity of commodities. The work that Context Labs is doing to deliver the highest level of transparency to the Global Environmental Attribute markets through their Next Gen Registry called CLEAR Path™ is a critical ingredient for establishing trust and driving demand for lower carbon solutions,” stated Curtis Ravenel, Senior Advisor to the Glasgow Financial Alliance for Net Zero (GFANZ), Founding Member of the Secretariat of the Financial Stability Board’s Taskforce on Climate-Related Financial Disclosure (TCFD) and Board Member to Context Labs.

“CLEAR Path™ is powered by Context Labs’ Immutably™ Enterprise Data Fabric Technology, which integrates and connects all sources of data in the verification and creation of environmental attributes, the fundamental building blocks of environmental commodities, and a new digitally quantified ESG. It generates the highest quality certs, credits, and RECs possible, based on transparent Asset Grade Data, military-grade encryption for data security, and immutable traceability on our blockchain fabric,” said Context Labs Founder and CEO, Dan Harple. “CLEAR Path™ solves two of the crucial problems at the crux of the energy transition: effectively, the lack of trust in existing environmental attributes and ESG data underpinning environmental commodities, and the inability to provide traceability for these environmental attributes across market platforms.”

KPMG is continuing to collaborate closely with Context Labs to deploy data and technology solutions to help businesses measure, monitor and prove their climate and ESG performance and scale their efforts to offer high-quality carbon credits.

“Voluntary carbon markets, underpinned by timely and accurate data, will be instrumental in the transition to a low carbon economy,” said KPMG US ESG leader, Rob Fisher. “With CLEAR Path, Context Labs has the opportunity to provide a digital backbone that should help take voluntary markets to scale, increase trust and accountability amongst stakeholders, and provide companies with a better picture of both their environmental impact and risk.”

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“This is another exciting step in our multi-faceted strategy with Context Labs, leveraging technology that enhances our innovative low carbon and carbon neutral market solutions,” said Chad Zamarin, Senior Vice President of Corporate Strategic Development at Williams. “As Williams drives the next generation of the energy marketplace with next-gen gas, clean hydrogen and other low carbon products, CLEAR Path™ from Context Labs will provide an industry-leading platform that will benefit our customers with best-in-class and trusted clean energy solutions.”

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“Parsons is in the business of delivering innovative critical infrastructure across the world, including digitally-enabled solutions for utilities, transportation, environmental remediation, facilities and water and wastewater facilities,” said Peter Torrellas, President of Connected Communities for Parsons. “Today, that means we need to have a wider range of operational and environmental data available across a broader collection of stakeholders to drive climate-aligned decisions. Our collaboration with Context Labs opens new avenues of value creation in climate resilience and energy transition for our public and private sector clients.”

“Understanding the environmental footprint of how a natural gas molecule is produced and transported is becoming essential data for both sellers and buyers. We provide markets with independent measurements and assessments to verify these environmental attributes, such as low methane intensity or low water attributes. Now Context Labs CLEAR Path™ provides a trusted registry to track, transfer and retire these attributes,” said Will Foiles, Co-Founder and COO, Project Canary. “We believe in the power of markets to help combat climate change, and our combined offering provides exciting capabilities to accelerate the adoption of differentiated, responsibly sourced gas on terms that meet the needs of both sellers and buyers.”

“Carbon GeoCapture has spent 20 years learning to use unconventional rock formations to reduce capture and cleanup costs and to hold massive amounts of carbon dioxide. As we commercialize our unique approach, we are thrilled to be working with Context Labs to materially enhance how we track the carbon dioxide that we sequester. With CLEAR Path™, we can bring speed and transparency to how we quantify, verify, generate, register, and ultimately trade the highest quality carbon credits that will earn the highest premium in the voluntary carbon markets,” stated John Pope, Ph.D., President, and CEO of Carbon GeoCapture Corp.

“CLEAR Path™ facilitates the trust, traceability, and compliance in the data behind carbon methodologies and projects,” said Ludovino Lopes, OxoCarbon Chairman, Member of the United Nations Global Compact and Environmental and Carbon Legal Advisor. The foundations of an environmentally sympathetic and sustainable global economy need to be built on the basis of trust, transparency, and the highest level of legal and regulatory compliance. OxoCarbon is committed to delivering premium quality carbon credits from nature-based solutions by ensuring the highest level of environmental integrity, trust, traceability, and compliance, and CLEAR Path™ will enable this.

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