Microsoft deal with Heirloom Carbon is one of largest ever purchases of carbon-removal credits

The significance of this purchase commitment is it will catalyze project financing for Heirloom: ”Microsoft agreed to buy credits from Heirloom Carbon for the removal of up to 315,000 metric tons of CO2 over 10 years. That would amount to a purchase commitment of at least $200 million based on market prices and would offset the equivalent of the annual emissions of around 70,000 cars.”

More on this in the Wall Street Journal here.

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