hopefully we get a DAC funding announcement or revenue share agreement soon appears money starting to flow towards it.
TECH
Amazon follows Microsoft, investing big in carbon capture
PUBLISHED TUE, SEP 12 20237:43 AM EDTUPDATED TUE, SEP 12 20237:08 PM EDT
Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK
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KEY POINTS
- Amazon announced Tuesday that it will help fund the world’s largest deployment of direct air capture technology by purchasing a quarter of a million metric tons of carbon removal over the next decade from a plant owned by 1PointFive, a carbon removal technology company.
- The carbon that is removed through the air capture systems will then be stored underground in saline aquifers, which are large rock formations saturated in salt water.
- Amazon’s announcement comes on the heels of Microsoft’s news that it has agreed to buy carbon credits from California-based startup Heirloom Carbon, which uses limestone to remove carbon from the atmosphere.
hopefully we get a DAC funding announcement or revenue share...
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