CL-Invest was founded as a result of a de-merger of Carbon Limits AS in 2021.
The company continues the business of financing and monetizing GHG emissions while Carbon Limits provides the consulting services related to climate change issues and extends technical services to CL-Invest and indirectly to its clients.
Both parties strictly adhere to confidentiality obligations towards their respective clients to avert any conflict of interest, real or otherwise as perceived by stakeholders. The companies operate under a cooperation agreement which regulates service deliveries and other aspects of the partnership.
We work in partnership with National Oil Companies (NOCs) and independent oil producers to realize scalable emission reductions that can be achieved rapidly.
We offer the full service of project identification and assessment, followed by project financing and implementation. Managing all the activities of the project cycle are essential parts of our deliveries for carbon credit projects. It includes field work prior to validation and preparation for and conducting of the monitoring, reporting and verification of emission reductions.
An essential part of our services is to engage in project financing to overcome project implementation barriers. This includes sales of emission reductions as High-Quality Credits in carbon markets.
Our supply of carbon credits will comply with High- Quality criteria and requirements (standards). Standards under the Clean Development Mechanism (CDM) have guided our work until now and all credits we have brought to market have made use of CDM methodologies to test additionality, quantify and verify emission reductions in line with conservative baseline assumptions and document permanence of emission reductions. We will adhere to new and/or revised standards which are under development and discussion through many initiatives. This includes safe-guards against double-counting and double-use of carbon credits and supply and use of credits that are aligned with a transition towards net-zero emissions.
We only engage in climate mitigation at existing oil and gas infrastructures with significant emission reduction potential. We are not involved in projects which expand oil and gas production capacity. In the context of the energy transition, we are conscious of not engaging in activities that would represent oil and gas “lock-in”.
We are climate mitigation experts with two decades of experience in project assessment and development. We specialize in monetizing emission reductions to make projects financially viable.
Our highly skilled, multidisciplinary, and experienced international team knows how to work under challenging conditions.
Arne Peder Blix is a technology entrepreneur with more than 18 years’ experience as CEO of international companies covering energy, fintech, software and sensor companies. After graduating from the Royal Norwegian Naval Academy, Arne served most of his seagoing service on submarines. At Det Norske Veritas (DNV), Arne led two major anti-corruption projects, living in the Philippines and Panama. Arne represented the Norwegian Shipowners’ Association in the International Maritime Organization (IMO) where he, amongst other, actively participated in the negotiations on SOX, NOX and CO2 emissions. Thereafter, Arne moved to Houston TX as Head of Commercial for a petrochemicals gas shipping and trading company “West of Suez”. In 2003, Arne co-founded a SaaS fin-tech company which became an international success within complex financial instruments. Since 2013, Arne has built up a portfolio of technology companies, covering various roles as Co-Founding CEO or Chairman.
Andrew Clough has been an investment banker since 2013, advising on various investment opportunities including real estate, defense, healthcare and clean technology. Andrew was a US Army officer prior to moving to Norway, where he has since served in multiple operational leadership roles before launching an advisory firm in 2010. An active investor within several start-ups (cleantech and fintech), he is passionate about working with those who believe the best means of achieving higher alpha is by incorporating measurable impact parameters across the value-chain. Andrew holds an MBA from NHH and a B.S. in Engineering from the United States Military Academy.
After having completed officer training at the Royal Norwegian Naval Academy, HNC in Naval Architecture and a MSc in Mechanical engineering from the Norwegian University of Science and Technology Halfdan embarked on an international career with Shell in 1982. He spent 14 years with Shell International in project management and finance in Middle East and Europe. He then moved to the service company side of the oil and gas industry and spent 5 years with Aker Maritime in business management and development, where ha a.o. filled the position as Managing Director for Maritime Tentech and responsible for setting up Aker Energy and Aker Petroleum. The following 5 years included various roles within IT, finance and real estate, before moving back to the Oil and Gas industry. He then worked for Wärtsilä Oil and Gas Systems for 9 years, and left the position as Business Unit Director Gas Recovery in august 2014 to join RN Nordic Oil as Development Manager. From November 2015 to August 2022 Mr. Millang has taken the roles as CEO and as Chair of the board of RN Nordic Oil AS. He is now working as a consultant for CL-Invest, developing and realizing projects generating carbon credits.
During his 37 years of working experience, Christian has spent 11 years building up distribution channels and as door opener for other companies worldwide and the rest as CFO in different companies, as start-up, companies in difficulties and bankruptcies. Christian has lived in USA, Spain, Hungary, Teheran, Lagos and Ireland. Direct line management, including start-up operations, cross-border joint ventures, strategic partnerships in high growth companies, responsible for corporate, client and shareholder relations. Hands-on P&L management, budgeting, strategic analysis, Senior Management supervision and staff deployment, investment oversight for both corporate and venture capital funded entities. Telecom experience from the Balkans, Southern Europe, Bangladesh, and Nigeria.
Paulina Kliva Gulbe has worked with international and national organisations, start-ups and academic institutions in the UK, France, Norway, and Latvia, including the OECD Nuclear Energy Agency (NEA) and the UNESCO Latvian National Commission. She’s a double master's degree candidate at the London School of Economics and Political Science (LSE) and Sciences Po Paris in MSc Political Economy & Master in European Affairs with a specialization in Energy, Environment and Sustainability. Before moving to Paris, Paulina graduated from the University of Edinburgh with a First-Class Honours Bachelor of Science (BSc) degree in Geosciences having completed scientific fieldwork and mapping across the UK and earning a First-Class dissertation in isotopic palaeoceanography of the NW Indian Ocean. She’s an alumnus of Riga State Gymnasium No.1 majoring in Physics & Mathematics and is a keen advocate for energy justice and transition topics.
Torleif has throughout his career with national & international government institutions and consultancies broad experience in energy and environmental analysis and advisory services, as well as institutional management. He has managed a large number of multi-disciplinary and complex projects, primarily for multilateral development agencies and banks, national governments and large energy corporation. His main focus since 2005 has been on climate change mitigation for the oil and gas industry, including activities related to transactions in emissions allowances and carbon credits. Torleif is co-founder of Carbon Limits AS, Carbon-Limits Nigeria Ltd and CL-Invest AS.
Tore Holm has decades of experience in the Energy business through Executive roles in Shell and non-Executive board positions in other Oil, gas and Energy transportation businesses as well as Extension Consultancy on Energy and climate issues. He has also worked several years with climate issues in Carbon Limits. Since 2014, Tore Holm has been Chair of the Board of Enova, the Norwegian Government`s main active climate mitigation instrument.
Auke Lont has extensive experience at CEO level of managing energy companies, lately until 2021 as being the CEO of the national electricity grid company of Norway. Before that he managed an IPP company pursuing natural gas power plant opportunities, an energy consulting firm specializing in advice on power and carbon markets, as well as running the downstream business in the Nordics of an integrated oil company. At supervisory board level he served at the Dutch national gas transmission company, the Norwegian railroad company and is currently board member of a Norwegian publicly listed renewables company.
Anders Pederstad was instrumental developing Carbon Limits, being a senior consultant and partner from 2009 to 2018. Anders has evaluated investment portfolios and carried out techno-economic assessments of GHG mitigation options and has developed climate strategies for large private and public clients. Much of his earlier work was focused on necessary documentation to qualify investments that reduce GHG emissions to earn carbon credits. He developed a large number of flare and methane emission reduction to successful registration under the flexible mechanisms of the Kyoto protocol (CDM&JI). Anders is a shareholder in both Carbon Limits and CL-Invest. He currently works with Business Development at Air Liquide in Oslo, Norway.
CL-Invest maintains a strategic partnership with Carbon Limits AS, following the companies' de-merger in 2021. Carbon Limits continues to provide consulting and technical services and expertise to CL-Invest and indirectly to its clients. Through the partnership we aim to provide our clients with tailor made and cutting edge advice which reflects specific needs. Both parties strictly adhere to confidentiality obligations towards their respective clients to avert any conflict of interest.
Visit websiteJames Ogunleye is the managing director of Carbon Limits Nigeria and has over the past two years managed the successful validation of two flare reduction projects for delivery of carbon credits to the German FQD market. He was also a key developer of the Pan Ocean CDM project, one of the largest African CDM projects. He has worked with Carbon Limits Nigeria since 2010 being involved in a broad range of projects both for Nigerian and international clients. Over the past five years he has advised NNPC on climate change issues and is also involved in several training and support functions for the Ministry of Environment and the Department of Petroleum Resources of Nigeria.
Famous Ayeni is a senior consultant with Carbon Limits Nigeria and over the past 7 years has been more involved in climate, environmental and energy related activities. He has vast experience in the area of GHG emission inventory, developing and implementation of climate action projects, monitoring and verification of mitigation actions outcomes in the energy sectors He has been active the development and assessment of mitigation project under the clean development mechanism (CDM) and EU FQD (German market) and has expertise in assessment of project additionality. He has currently worked on the registration of two gas flare project in the German market.
Dr Bolaji Ogundare started his professional career in the health sciences. After rising to the role of a Professor and Diplomate of the American Board of Oral and Maxillofacial Surgeons, he crossed over to the energy sector. He is currently Managing Director of an indigenous Oil and Gas Exploration and Production company in Nigeria and is Chairman of PNG Gas Limited Bolaji has a broader network to key public and private institutions engaged in the development of the energy sector in Nigeria and in other parts of West Africa. He is a co-founder of Carbon Limits Nigeria Ltd and currently the company’s board chairman.
Adegbite Adeniji is a specialist energy and natural resources lawyer with expertise in policy, regulatory and commercial issues in the energy, natural resources and infrastructure sectors. He has advised the Government of Nigeria on several sector reform initiatives in the energy, mineral and infrastructure sectors and has also advised a diverse clientele on commercial transactions and projects. He was counsel for the development of the Nigerian Gas Master and has worked on a number of projects with the World Bank. Gbite is a co-founder of Carbon Limits Nigeria Ltd and has served as a board director since 2011.
CL-Invest has a standing partnership with the Iraqi Green Climate Organization (IGCO), a non – governmental organization based in Baghdad, Iraq.
Visit websiteCL-Invest has a long-standing partnership with Pollination, a global advisory and investment firm focussed on accelerating the transition to a net-zero, climate resilient future.
Visit websiteWe are climate mitigation experts with two decades of experience in project assessment and development. We specialize in monetizing emission reductions to make projects financially viable.
Our highly skilled, multidisciplinary, and experienced international team knows how to work under challenging conditions.
Arne Peder Blix is a technology entrepreneur with more than 18 years’ experience as CEO of international companies covering energy, fintech, software and sensor companies. After graduating from the Royal Norwegian Naval Academy, Arne served most of his seagoing service on submarines. At Det Norske Veritas (DNV), Arne led two major anti-corruption projects, living in the Philippines and Panama. Arne represented the Norwegian Shipowners’ Association in the International Maritime Organization (IMO) where he, amongst other, actively participated in the negotiations on SOX, NOX and CO2 emissions. Thereafter, Arne moved to Houston TX as Head of Commercial for a petrochemicals gas shipping and trading company “West of Suez”. In 2003, Arne co-founded a SaaS fin-tech company which became an international success within complex financial instruments. Since 2013, Arne has built up a portfolio of technology companies, covering various roles as Co-Founding CEO or Chairman.
Andrew Clough has been an investment banker since 2013, advising on various investment opportunities including real estate, defense, healthcare and clean technology. Andrew was a US Army officer prior to moving to Norway, where he has since served in multiple operational leadership roles before launching an advisory firm in 2010. An active investor within several start-ups (cleantech and fintech), he is passionate about working with those who believe the best means of achieving higher alpha is by incorporating measurable impact parameters across the value-chain. Andrew holds an MBA from NHH and a B.S. in Engineering from the United States Military Academy.
After having completed officer training at the Royal Norwegian Naval Academy, HNC in Naval Architecture and a MSc in Mechanical engineering from the Norwegian University of Science and Technology Halfdan embarked on an international career with Shell in 1982. He spent 14 years with Shell International in project management and finance in Middle East and Europe. He then moved to the service company side of the oil and gas industry and spent 5 years with Aker Maritime in business management and development, where ha a.o. filled the position as Managing Director for Maritime Tentech and responsible for setting up Aker Energy and Aker Petroleum. The following 5 years included various roles within IT, finance and real estate, before moving back to the Oil and Gas industry. He then worked for Wärtsilä Oil and Gas Systems for 9 years, and left the position as Business Unit Director Gas Recovery in august 2014 to join RN Nordic Oil as Development Manager. From November 2015 to August 2022 Mr. Millang has taken the roles as CEO and as Chair of the board of RN Nordic Oil AS. He is now working as a consultant for CL-Invest, developing and realizing projects generating carbon credits.
Brian Robertson is an entrepreneurial executive who began working with greenhouse-gas (GHG) mitigation and environmental impact assessment in 2005. Prior to joining CL-Invest, Brian had worked in private industry doing international offset and renewable-energy finance, greenhouse-gas accounting and auditing, energy and emissions trading, and working tangentially with IT and mortgages. In the non-profit sector, for the Climate Bonds Initiative, Brian oversaw fixed-income green-labelling applications, and audited the applications’ verification reports against fifteen sets of industry-sector criteria. For the World Wide Fund for Nature (WWF) he co-wrote the pioneering version of the WWF/Carbon Disclosure Project GHG-reporting guidelines for German, Swiss, and Austrian industry. Brian was an Adjunct Professor of Environmental Impact Assessment at Redeemer University, an Adjunct Lecturer of New Venture Planning and Design at Trent University, and between 2021 and 2022, a guest lecturer of sustainable finance at the Lisbon School of Economics and Management. Prior to these roles Brian earned a PhD in economics, with high distinction, from the Centre of Ecological Research of the Carl von Ossietzky Universität Oldenburg. His research areas were project management of Clean Development Mechanism projects, sustainability reporting, and climate-change risk mitigation in banks’ portfolios.
During his 37 years of working experience, Christian has spent 11 years building up distribution channels and as door opener for other companies worldwide and the rest as CFO in different companies, as start-up, companies in difficulties and bankruptcies. Christian has lived in USA, Spain, Hungary, Teheran, Lagos and Ireland. Direct line management, including start-up operations, cross-border joint ventures, strategic partnerships in high growth companies, responsible for corporate, client and shareholder relations. Hands-on P&L management, budgeting, strategic analysis, Senior Management supervision and staff deployment, investment oversight for both corporate and venture capital funded entities. Telecom experience from the Balkans, Southern Europe, Bangladesh, and Nigeria.
Paulina Kliva Gulbe has worked with international and national organisations, start-ups and academic institutions in the UK, France, Norway, and Latvia, including the OECD Nuclear Energy Agency (NEA) and the UNESCO Latvian National Commission. She’s a double master's degree candidate at the London School of Economics and Political Science (LSE) and Sciences Po Paris in MSc Political Economy & Master in European Affairs with a specialization in Energy, Environment and Sustainability. Before moving to Paris, Paulina graduated from the University of Edinburgh with a First-Class Honours Bachelor of Science (BSc) degree in Geosciences having completed scientific fieldwork and mapping across the UK and earning a First-Class dissertation in isotopic palaeoceanography of the NW Indian Ocean. She’s an alumnus of Riga State Gymnasium No.1 majoring in Physics & Mathematics and is a keen advocate for energy justice and transition topics.
Kseniya Pak is a PhD candidate in Business Administration at Nord University Business School and a top graduate with a double degree in MSc Energy Management at Nord University Business School and MGIMO University. Kseniya focused on the topic of energy transition through the application of investment analysis of both the reduction of GHG emissions at oil and gas field and green energy production value chain while embedding the prediction techniques of uncertain parameters via simulation and machine learning. She holds a BA in International Economic Relations at UWED with the thesis devoted to risk management for banking sector. In addition, Kseniya Pak has a 3-year experience in project management from medical distributorship company. She has been employed and has participated and volunteered in numerous extracurricular activities at international forums and conferences in the area of energy, business, economics in Austria, Germany, Norway, South Korea and Uzbekistan.
Torleif has throughout his career with national & international government institutions and consultancies broad experience in energy and environmental analysis and advisory services, as well as institutional management. He has managed a large number of multi-disciplinary and complex projects, primarily for multilateral development agencies and banks, national governments and large energy corporation. His main focus since 2005 has been on climate change mitigation for the oil and gas industry, including activities related to transactions in emissions allowances and carbon credits. Torleif is co-founder of Carbon Limits AS, Carbon-Limits Nigeria Ltd and CL-Invest AS.
Tore Holm has decades of experience in the Energy business through Executive roles in Shell and non-Executive board positions in other Oil, gas and Energy transportation businesses as well as Extension Consultancy on Energy and climate issues. He has also worked several years with climate issues in Carbon Limits. Since 2014, Tore Holm has been Chair of the Board of Enova, the Norwegian Government`s main active climate mitigation instrument.
Auke Lont has extensive experience at CEO level of managing energy companies, lately until 2021 as being the CEO of the national electricity grid company of Norway. Before that he managed an IPP company pursuing natural gas power plant opportunities, an energy consulting firm specializing in advice on power and carbon markets, as well as running the downstream business in the Nordics of an integrated oil company. At supervisory board level he served at the Dutch national gas transmission company, the Norwegian railroad company and is currently board member of a Norwegian publicly listed renewables company.
Anders Pederstad was instrumental developing Carbon Limits, being a senior consultant and partner from 2009 to 2018. Anders has evaluated investment portfolios and carried out techno-economic assessments of GHG mitigation options and has developed climate strategies for large private and public clients. Much of his earlier work was focused on necessary documentation to qualify investments that reduce GHG emissions to earn carbon credits. He developed a large number of flare and methane emission reduction to successful registration under the flexible mechanisms of the Kyoto protocol (CDM&JI). Anders is a shareholder in both Carbon Limits and CL-Invest. He currently works with Business Development at Air Liquide in Oslo, Norway.
CL-Invest maintains a strategic partnership with Carbon Limits AS, following the companies' de-merger in 2021. Carbon Limits continues to provide consulting and technical services and expertise to CL-Invest and indirectly to its clients. Through the partnership we aim to provide our clients with tailor made and cutting edge advice which reflects specific needs. Both parties strictly adhere to confidentiality obligations towards their respective clients to avert any conflict of interest.
James Ogunleye is the managing director of Carbon Limits Nigeria and has over the past two years managed the successful validation of two flare reduction projects for delivery of carbon credits to the German FQD market. He was also a key developer of the Pan Ocean CDM project, one of the largest African CDM projects. He has worked with Carbon Limits Nigeria since 2010 being involved in a broad range of projects both for Nigerian and international clients. Over the past five years he has advised NNPC on climate change issues and is also involved in several training and support functions for the Ministry of Environment and the Department of Petroleum Resources of Nigeria.
Famous Ayeni is a senior consultant with Carbon Limits Nigeria and over the past 7 years has been more involved in climate, environmental and energy related activities. He has vast experience in the area of GHG emission inventory, developing and implementation of climate action projects, monitoring and verification of mitigation actions outcomes in the energy sectors He has been active the development and assessment of mitigation project under the clean development mechanism (CDM) and EU FQD (German market) and has expertise in assessment of project additionality. He has currently worked on the registration of two gas flare project in the German market.
Dr Bolaji Ogundare started his professional career in the health sciences. After rising to the role of a Professor and Diplomate of the American Board of Oral and Maxillofacial Surgeons, he crossed over to the energy sector. He is currently Managing Director of an indigenous Oil and Gas Exploration and Production company in Nigeria and is Chairman of PNG Gas Limited Bolaji has a broader network to key public and private institutions engaged in the development of the energy sector in Nigeria and in other parts of West Africa. He is a co-founder of Carbon Limits Nigeria Ltd and currently the company’s board chairman.
Adegbite Adeniji is a specialist energy and natural resources lawyer with expertise in policy, regulatory and commercial issues in the energy, natural resources and infrastructure sectors. He has advised the Government of Nigeria on several sector reform initiatives in the energy, mineral and infrastructure sectors and has also advised a diverse clientele on commercial transactions and projects. He was counsel for the development of the Nigerian Gas Master and has worked on a number of projects with the World Bank. Gbite is a co-founder of Carbon Limits Nigeria Ltd and has served as a board director since 2011.
CL-Invest has a standing partnership with the Iraqi Green Climate Organization (IGCO), a non – governmental organization based in Baghdad, Iraq.
CL-Invest has a long-standing partnership with Pollination, a global advisory and investment firm focussed on accelerating the transition to a net-zero, climate resilient future.
