Microsoft Corp. said its climate fund will invest in Swiss carbon-removal startup Climeworks AG, and that the company will base executive pay partially on meeting sustainability goals.
Microsoft will back Climeworks’ current project in Iceland to increase the scale of that company’s ability to suck carbon out of the air and pump it deep into the earth, as well as the company’s next project at the same site. Climeworks uses giant fans to capture CO₂ from the air. In some cases it sells the concentrated gas, marketing it to beverage companies and plastic makers.
