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Billionaires Back Tiny Fungi to Slash Cost of Capturing Carbon

  • New tech offers farmers low cost way to improve soil quality
  • Soil Carbon wins seed funding from firm backed by Li Ka-shing
Oil’s Rise Above $40 Comes as Demand Recovers, Shale Reawakens
Photographer: Luke Sharrett/Bloomberg

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High-profile investors including Chris Sacca and Atlassian co-founder Mike Cannon-Brookes have backed an Australian project that seeks to slash the costs of sucking carbon dioxide from the atmosphere by using microscopic fungi.