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Varaha, an India-based climate tech startup, has raised $20 million in fresh funding as it looks to scale carbon removal projects from the Global South and position itself as a lower-cost supplier for verified emissions reductions. The investment marks the first portion of a planned $45 million Series B round led by WestBridge Capital, the…
Microsoft announced Thursday it would buy 3.6 million carbon removal credits from a biofuels plant in Louisiana owned by C2X. The plant, which is slated to begin operating in 2029, will process forestry waste into methanol, which can be used to power ships and planes and as a raw material for chemical manufacturing. Altogether, the…
Microsoft is building data centers as fast as it can, and that’s killing its carbon balance sheet. Since 2020, its carbon emissions have grown by nearly a quarter, undermining the pledge it made that year to remove more carbon from the atmosphere than it generates by 2030. So Microsoft has been buying massive amounts of…
Frontier, the organization backed by Stripe, Google, and Meta, announced Tuesday it is paying startup Arbor Energy to remove 116,000 tons of carbon dioxide by the end of the decade. The deal gives Arbor $41 million to help it build its first commercial-scale power plant in southern Louisiana that will burn waste biomass to generate…
Occidental has bought Holocene, marking the second direct air capture startup the fossil fuel company has bought in two years. The deal was executed through Oxy Low Carbon Ventures, a subsidiary of the oil and gas company, for an undisclosed amount. HeatMap first reported the news. Holocene had been racing to advance its amino acid-based…
Microsoft announced Thursday that it’s buying over 7 million tons of carbon credits from Chestnut Carbon. The 25-year deal would enable Chestnut Carbon to reforest 60,000 acres of land across Arkansas, Louisiana, and Texas, Axios reported. Recently, the tech company has struggled to rein in its carbon emissions as AI has driven a surge in…