12:29 PM EDT, 10/20/2025 (MT Newswires) -- Carbon Measures, a new global coalition that includes Exxon Mobil ( XOM ) , BlackRock's ( BLK ) Global Infrastructure Partners and Banco Santander (SAN), said it launched Monday to develop a standardized carbon accounting framework and advance market-based policies to cut emissions.

The initiative, led by former Ernst & Young executive Amy Brachio, will create product-level carbon intensity standards for materials such as steel, fuel and electricity, the coalition said.

Other members include BASF, Air Liquide, Linde ( LIN ) , Vale (VALE), Mitsubishi Heavy Industries, Bayer, Abu Dhabi National Oil Co., Honeywell International ( HON ) , Nucor (NUE) and NextEra Energy ( NEE ) , according to Carbon Measures.

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