Microsoft Staff Tell Carbon Removal Projects That Deals Paused

Staff at Microsoft Corp. have told some developers of carbon removal credits that the company is pausing what is currently the world’s biggest program for financing the extraction of CO2 from the atmosphere.

Employees at the software giant have called a number of carbon project developers in recent days to say Microsoft is putting purchases on hold, according to two people familiar with the matter who asked not to be identified disclosing confidential information. In one instance, Microsoft employees said the decision was motivated by financial considerations, one of the people said.