Microsoft Expands Carbon Removal Deal With Stockholm Exergi

Microsoft Corp. expanded its deal to buy carbon removal credits from heat-plant operator Stockholm Exergi AB, increasing volumes first agreed last year by more than 50%.

The agreement will now include the capture and storage of 5.08 million tons of carbon dioxide over a 10-year period, up from 3.33 million previously, Stockholm Exergi said Tuesday in a statement. It’s the world’s largest such accord, the Swedish utility said.