Tag: carbon removal

UNDO Signs Follow-On Carbon Removal Deal with Microsoft, Accelerating Enhanced Rock Weathering Science

Stuart Mitchell

UNDO, a leading carbon dioxide removal project developer, has signed a deal with Microsoft to advance enhanced rock weathering (ERW) carbon removal science.  The award will remove 15,000 tonnes of carbon dioxide from the atmosphere and provide funding for crucial scientific research in the ERW field. It will also contribute to Microsoft’s commitment to be carbon-negative by 2030. UNDO’s commercial relationship with Microsoft began in 2023 with a contract to remove 5,000 tonnes of CO₂ from the atmosphere. This announcement reflects a much larger deal that will see UNDO spread…

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British Airways To Become The Largest Purchaser Of Carbon Removals In The UK As Part Of 2030 Environmental Drive

Stuart Mitchell

British Airways has signed a deal to purchase more than £9 million worth of innovative carbon removals credits in the United Kingdom and overseas as part of a six-year agreement. The deal is part of an ambitious drive to accelerate the airline’s climate change efforts between now and 2030. One ground-breaking scheme in Scotland will see CO2 emissions captured from whisky distilleries and repurposed into building materials. Another, spread across multiple locations in the UK, uses an enhanced rock weathering technique to lock away carbon for thousands of years. The…

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Ørsted enters into new major agreement on carbon removal with Microsoft

Stuart Mitchell

In a landmark deal, Ørsted will sell a further one million tonnes of carbon removal over a ten-year period to Microsoft from Avedøre Power Station, which is part of the bioenergy carbon capture and storage (BECCS) project ‘Ørsted Kalundborg CO2 Hub’. This new agreement builds on an existing commitment by Microsoft to buy 2.67 million tonnes from Asnæs Power Station, bringing the total purchase under contract to 3.67 million tonnes of CO2. As part of the ‘Ørsted Kalundborg CO2 Hub’, Ørsted will establish carbon capture at its wood chip-fired Asnæs…

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Autodesk joins Frontier to advance carbon removal solutions globally

Stuart Mitchell

Autodesk has strategic ambitions to advance our industries to be more sustainable, resilient, and equitable. We believe we have a unique role to play in helping innovators design and make the solutions necessary to decarbonize the industry and successfully address climate change. And that’s why we’re thrilled to announce Autodesk has joined Frontier, a $1 billion USD private sector initiative focused on accelerating permanent carbon removal. Our membership furthers our commitment to addressing climate change not only through our own business operations, but through supporting our customers in their own…

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

Stuart Mitchell

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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