Microsoft and Royal Bank of Canada Bet on New Approach to Carbon Cleanup
The duo are buying carbon removal from Deep Sky, a company convening multiple technologies at the same site in a bid to bring down costs.
The Microsoft Corp. logo. The company has made its latest carbon removal purchase along with the Royal Bank of Canada.
Photographer: Krisztian Bocsi/BloombergMicrosoft Corp. and Royal Bank of Canada have agreed to buy carbon dioxide removal credits from Canada’s first commercial facility to suck carbon from the air.
Pulling carbon from the atmosphere is increasingly important in limiting global warming to relatively safe levels. The world will likely need to take billions of tons of CO2 from the air per year by mid-century, yet current capacity is just a fraction of that. A wave of startups is attempting to address that using a range of techniques, including deploying machines that perform what’s known as direct air capture (DAC).