Lewis Hamilton’s Extreme E team becomes X44 Vida Carbon Racing with new title partnership announced
VANCOUVER, BC, September 7, 2022 /CNW/ – Seven-time Formula 1 World Champion Mr. by Lewis Hamilton The Extreme E team, X44, today announces a new title partnership with Vida Carbon Corp., a carbon credit investment company that aims to reduce global greenhouse gas emissions and fight climate change. This title partnership unites Vida Carbon and X44 in their shared ambition to use the X44 Vida Carbon Racing team platform to raise awareness of climate change and positively impact the future of the planet.
According to the Intergovernmental Panel on Climate Change, greenhouse gas emissions must peak by 2025 and be reduced by 43% by 2030 if we are to meet the Agreement’s goal of Paris to limit global warming to 1.5°C. Vida Carbon offers shareholders exposure to the carbon credit markets while providing crucial capital to carbon credit developers. The Vida team unlocks high-quality carbon credit projects by investing in selected initiatives around the world that directly reduce or remove greenhouse gas emissions from the atmosphere. Now, with this title partnership, the X44 Vida Carbon Racing team will draw attention to Vida Carbon’s forward-thinking and new strategies in the fight against climate change.
X44 Vida Carbon Racing, formed by Lewis Hamilton, is currently participating in the second season of Extreme E after a successful inaugural season. Named after Lewis’ own racing number, and now with the inclusion of the title partnership, X44 Vida Carbon Racing highlights the most serious problems facing our planet and the solutions we can all be a part of while pushing to create opportunities for the next generation. Ending the first season with first place in the Jurassic X Prix and second in the championship, X44 Vida Carbon Racing also won the series’ top 2021 sustainability award, which recognizes the teams that drive the most fans to engage in steps that contribute to a greener future.
The title partnership will be in effect from Round 4 of Extreme E’s second season, seeing the two entities come together in their shared goal of fighting climate change in Season 3 and beyond.
“Around the world, we are all feeling the direct impacts of climate change. Traditional motorsports have long been associated with a negative impact on the environment, and while many series are taking encouraging steps towards a more sustainable future, Extreme E is one of a kind the way he approaches this,” said Jamie Keech, Executive Chairman of Vida Carbon. “Our partnership with X44 is proof that sustainable practices and a net zero future are possible. Vida Carbon and X44 are working towards that future.”
Nine-time World Rally Champion and X44 Vida Carbon Racing driver Sebastien Loeb said: “We are very happy to have Vida Carbon alongside us as we continue our Extreme E journey. There is nothing we love more than a first place on the podium, “Our team goes far beyond racing. X44 Vida Carbon Racing’s goal is to encourage our fans to take small steps together to have a positive impact on the planet, and a partner like Vida Carbon means we can do that.”
About Vida Carbon Corp.
Vida Carbon is a leading carbon credit royalty and dissemination company focused on financing high quality, sustainable carbon credit projects globally. Vida Carbon is well capitalized and growing rapidly. Vida’s portfolio of carbon credit-generating assets is diversified across jurisdictions and project types and is operated by highly experienced and reputable project developers.
The Company’s mission is to establish long-term, mutually beneficial relationships with carbon credit operators and developers in exchange for exposure to the future value created by the production of carbon credits. All projects supported by Vida Carbon bring economic and social benefits to the regions in which they operate.
About X44 Vida Carbon Racing
X44 Vida Carbon Racing, trained by Sir Lewis Hamilton, is currently participating in the second season of Extreme E after a successful inaugural season. Named after Lewis’ racing number, X44 Vida Carbon Racing shines a light on the toughest issues facing our planet and the solutions we can all be part of, while striving to create opportunities for the next generation. Ending the first season with first place in the Jurassic X Awards and second in the Championship, the team also won the series’ 2021 Sustainability Award, which recognizes the teams that drive the most fans to s take steps that contribute to a greener future.
SOURCE Vida Carbon Corp.
For more information: For all media inquiries regarding X44 Vida Carbon Racing, please contact: [email protected]; For media inquiries regarding Vida Carbon, please contact: [email protected]