Catherine Clifford of CNBC writes on Stripe’s commitment to accelerate carbon capture.
- Online payments technology provider Stripe is teaming up with Meta, Shopify, McKinsey, and others to create Frontier.
- Frontier will purchase close to $1 billion worth of permanent carbon removal from companies.
- Frontier will collect financial commitments from companies or governments that are wishing to decarbonize, vet potential carbon capture technologies, and pay the suppliers when solutions are delivered.
- Private sector leadership is key to creating a cleaner future.
“Stripe will also provide customers to Frontier through its Stripe Climate program, which allows online sellers using the company’s platform to devote a portion of sales to carbon removal.”
Read the full article here.