Sources: Microsoft told carbon-removal project developers it is shelving contracts under negotiation; Microsoft has been a major backer of carbon capture tech
In the early days of April, a group of mid-level employees at Microsoft Corp. started making calls that would send tremors through the global market for carbon removals.
What happens to an industry when 80% of its market suddenly dries up? That's the question @robinsonmeyer set out to answer after his scoop on Microsoft pausing its carbon removal purchases. Read what he found out here: https://heatmap.news/...
Microsoft is the anchor of the carbon removal market. It bought 45 million tons of carbon removal last year; the next largest buyer has purchased 1.8 million tons *ever. So what happens now that Microsoft's paused buying? — Spent the week talking to folks about it: heatmap.ne…