Saturday, 11 April, 2026
Firms in tech sector offer $925M to minimize carbon footprint
By Basit Ansari
<p>Meta, Alphabet, Stripe, Shopify, and McKinsey have all pledged $925M to help save the planet by purchasing captured carbon. Frontier is an advance market commitment to buy an initial $925M of permanent carbon removal between 2022 and 2030, funded by Big Tech firms using Stripe Climate. Frontier's goal is to hasten the development of carbon-removal technology by ensuring future demand. It intends to open up to new buyers to boost demand and generate new supply. </p>
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