Microsoft Staff Tell Some Carbon Capture Companies It’s Pausing Deals
It’s the world’s biggest carbon removal program.
From carbon capture to tree-planting initiatives, carbon removal projects have suffered their fair share of setbacks over the past few years. In the latest installment, Microsoft staff tell some project developers the tech giant is pausing its carbon credits program.
Today’s newsletter looks at what it means to halt the world’s biggest program for financing the extraction of carbon dioxide from the atmosphere. Meanwhile in the Philippines, a corruption scandal tied to flood infrastructure has led to fund managers calling for stricter reporting.