Corporate deal

Frontier facilitates $7M carbon removal purchases for Stripe, Shopify, H&M Group

Frontier has facilitated $7 million in carbon removal purchases from 12 companies on behalf of buyers Stripe, Shopify, and H&M Group. This third round of purchases includes 14 distinct carbon removal approaches, with projects based in five different countries. The selected companies project a collective removal capacity of over 500,000 tonnes of CO₂ annually by 2026. Additionally, Stripe provided $700,000 in R&D grants to four carbon removal startups.

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This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.