JPMorgan and H&M Join Big Tech’s Carbon Removal Effort
Effort to tackle climate change attracts commitments even as economic outlook darkens
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JPMorgan Chase & Co. is among companies joining a carbon removal initiative funded by some of the biggest tech companies on the planet, in a sign the drive to net zero emissions can overcome a worsening economic outlook.
Frontier, a subsidiary of payments company Stripe Inc., said in a statement Wednesday it had secured $100 million in new carbon-removal purchase commitments from the biggest US bank as well as Workday Inc., Hennes & Mauritz AB and Autodesk Inc.