Alphabet, Meta, Stripe and other companies signed an agreement with climate tech startup Venture Deep, which sequesters carbon by injecting solid waste underground.
aBig brands are paying startup Vaulted Deep $58.3 million to shoot poop and other organic waste products into underground wells as a way to fight climate change. The deal was brokered by a group called Frontier Climate, which Stripe, Alphabet, Meta, Shopify, and McKinsey Sustainability launched in 2022 to support emerging climate tech. Specifically, Frontier is interested in trying to remove carbon dioxide from the atmosphere.
” --- Carbon dioxide removal is an umbrella term for a suite of technologies being developed to take carbon dioxide out of the atmosphere. These technologies could potentially help slow climate change by trapping some of the pollution fossil fuels have already released over the years. There are still concerns about its costs, safety, and potential to delay a transition from fossil fuels to carbon pollution-free energy.
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