Climate tech startup Earthbanc wins court battle over botched carbon project
11 May 2026
11:37
A Kenyan court has dismissed claims against Swedish startup Earthbanc, whose flagship AstraZeneca-backed carbon project was shut down last year – first revealed as part of a wider Impact Loop investigation.
The plaintiff Festus Kiplagat has sought to appeal the ruling.
Meanwhile, broader questions over the project's management remain unanswered.
The plaintiff Festus Kiplagat has sought to appeal the ruling.
Meanwhile, broader questions over the project's management remain unanswered.
A Kenyan court has dismissed a case against Stockholm-based climate tech startup Earthbanc following a protracted legal battle with a former local partner, something Impact Loop reported on earlier this year.
The High Court at Eldoret, Kenya has ruled in favour of Earthbanc and its subsidiary Earthtree, dismissing a lawsuit brought by former subcontractor Green Planet Initiative 2050 Foundation (GPI) over the now-shuttered Regeneration Kenya carbon project.