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Alphabet, Meta, and other Big Tech firms launch a new carbon removal initiative

interestingengineering.com · 611 words · saved by 1 readers

Alphabet, McKinsey, Meta, Shopify, and Stripe have put forward a $925 million advance market commitment toward a new initiative called Frontier.

Major tech companies have joined hands to tackle climate change constructively. In a project called Frontier, Alphabet, McKinsey, Meta, Shopify, and Stripe have put forward a $925 million advance market commitment — marking a significant investment — to encourage and speed the development of technologies that can pull carbon dioxide from the air. Frontier would purchase permanent carbon removal from companies creating such solutions over the next nine years, starting in 2022. The initiative would also make it more affordable to the companies who are seeking to purchase captured carbon to…

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