SAN FRANCISCO - Google, H&M, Stripe and other members of the climate-focused Frontier coalition will buy $80 million of carbon credits from a firm using oil industry technology to capture paper mill emissions and another using rocks to do the same at sewage plants.While U.S. President-elect Donald Trump i

Channel News Asia

Singapore

Climate tech firms get $80 million to pull carbon from paper mills, sewage plant

Media Bias/Fact Check

Government of Singapore

A carbon credit buyers club has reached offtake agreements with two carbon removal startups totalling $80 million that are expected to remove nearly 300,000 tonnes of CO2 by 2030, according to a Tuesday announcement.

Carbon Pulse

Frontier inks $80 mln offtake deal for removals from paper mills, wastewater facilities «  Carbon Pulse

Google, H&M, Stripe, and other members of the climate-focused Frontier coalition will buy $80 million of carbon credits from a firm using oil industry technology to capture paper mill emissions and another using rocks to do the same at sewage plants. While U.S. President-elect Donald Trump is expected to withdraw from a deal to cap global warming and cut support for carbon capture, companies in sectors including tech and finance continue to back…

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Fast Company

Joe Mansueto

Climate tech firms get $80 million for carbon removal

The Frontier coalition, comprising companies like Google, Stripe, H&M, and Shopify, has committed $80 million toward innovative carbon removal technologies. This investment supports two pioneering startups that generate carbon removal credits: CO280 and CREW.  Notably, the deal highlights the premium price paid to incentivize innovation: 
CO280: $48 million at $214 per metric ton, securing the removal of 224,500 metric tons of CO₂ between 2028 a…

Carbon Credits

Google, Stripe, H&M, Shopify of Frontier Invest $80M in Carbon Removal Credits

Carbon removal buyer coalition Frontier announced that it has facilitated $80 million in offtake agreements on behalf of buyers including Google, H&M, Stripe and Salesforce, among others, for the removal of nearly 300,000 tons of CO2 through technologies that integrate carbon removal into existing industrial processes. The offtake agreements were signed with CO280, a developer […]

ESG Today

Carbon Removal Coalition Frontier Facilitates $80 Million in New Offtake Agreements for Google, H&M, Stripe and Others

Climate tech firms secured $80M from Google and others to fund costly carbon capture technologies, aiming to reduce emissions from paper mills and wastewater plants.

Climate tech firms get $80 million to pull carbon from paper mills, sewage plant

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