Frontier facilitates first carbon removal purchases
June 29, 2022
Frontier has facilitated its first purchases—from AspiraDAC, Calcite-Origen, Lithos Carbon, RepAir, Travertine, and Living Carbon—on behalf of Stripe. Stripe will spend $2.4M buying carbon removal from these six companies, with another $5.4M contingent on projects reaching agreed upon technical milestones.
Stripe, Alphabet, Shopify, Meta, and McKinsey launch advance market commitment to buy $925M of carbon removal by 2030
April 12, 2022
Stripe, Alphabet, Shopify, Meta, and McKinsey Sustainability are today launching Frontier, an advance market commitment (AMC) to accelerate the development of permanent carbon removal technologies. The founding companies plan to commit $925M over the next nine years to purchase permanent carbon removal from suppliers building promising new solutions.