News
Stripe teams up with major tech companies to commit $925 million toward carbon capture
Online payments technology provider Stripe is teaming up with several other companies, including Google parent Alphabet and Facebook parent Meta, to commit to spend nearly $1 billion spurring the carbon capture market.
Related Knowledge Center: Carbon capture
State of Play
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.