McKinsey partners with Stripe, Alphabet, Shopify, and Meta on $925 million carbon removal commitment

McKinsey Sustainability are partnering with Alphabet, Shopify, Meta and Stripe in an eight-year $925 million commitment to accelerate the development of permanent carbon removal technologies by guaranteeing future demand. The joint effort, called Frontier, is an advanced market commitment (AMC), which aims to expand the global supply of carbon removal, rather than increase competition for the supply that exists today. McKinsey’s insights have shaped the climate dialogue for more than a decade and this partnership is yet another step in our commitment to building a more sustainable future. “Reaching net…

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Alphabet Issues Sustainability Bonds To Support Environmental And Social Initiatives

Google’s parent company Alphabet Inc. has issued $5.75bn (£4.4bn) in sustainability bonds, they announced it in the following post on their website which can be viewed here or below: For more than 20 years, Google’s products have improved the lives of people all over the world. Operating our business in an environmentally and socially responsible way has been a core value since our founding in 1998. Google has been carbon neutral since 2007 and we’ve matched our entire electricity consumption with renewables for the past three years. We continue to…

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CenturyLink Collaborates with Alphabet’s Loon to Provide Internet Access in Earthquake-Affected Areas in Peru

Underserved areas in Peru affected by a magnitude 8.0 earthquake were able to access the internet thanks to Loon, a network of balloons traveling on the edge of space designed to extend internet connectivity to people in rural and remote areas worldwide. CenturyLink in collaboration with Alphabet’s Loon, deployed the solution delivering connectivity to tens of thousands of people cut off by the earthquake. “In 2017, Peru was struck by devastating floods and we saw how important an integrated balloon powered network is to communities struggling to recover from the…

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