We’ve Never Seen a Carbon-Removal Plan Like This Before
Updated at 3:45 p.m. on April 13, 2022.
The world’s biggest tech companies are getting serious about carbon removal, the still-nascent technology wherein humanity can pull heat-trapping carbon dioxide out of the atmosphere. Yesterday, an alliance of prominent Silicon Valley companies—including Google, Meta, Shopify, and the payment company Stripe—announced that it is purchasing $925 million in carbon removal over the next eight years. In a world awash in overhyped corporate climate commitments, this is actually a big deal.
The purchases, which will be made by , will dwarf any previous efforts of their type. In 2020, Stripe announced that it would spend $1 million buying carbon-removal credits—at the time, the largest purchase ever. Since then, Stripe and its customers have spent about $15 million on carbon removal, Nan Ransohoff,.
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