Buoyed by climate politics, companies compete for cleaner fuels

“A while ago we came to the thesis and strong belief that people will care how a barrel of oil is produced and a bushel of corn is grown,” said [Xpansiv President & COO John] Melby. “We set out to develop a [digital] platform that supports that and enables differentiated commodities to be priced differently.” Xpansiv, which was founded in 2016 and whose investors include BP and S&P Global, focuses on more than just natural gas. Using production data to create digital versions of a variety of commodities, it enables similar transactions on oil and plans to eventually do the same with water, cement, steel, hydrogen and sustainable aviation fuel.