The deal also represents one of the first “bankable” CO2 removal projects, according to the company, enabling Heirloom to finance future direct air capture facilities.
Microsoft Signs Large Carbon Removal Deal with Heirloom
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Article Category: Carbon Credits
Blockchain Technology Adds Transparency and Integrity to Carbon Markets
Companies face challenges keeping their shareholders and other stakeholders updated about climate initiatives. But blockchain technology allows companies more visibility into their net-zero efforts.
Rubicon Carbon Introduces New Framework for Carbon Credits
The new framework addresses several issues in the current carbon credit market, the company said in a whitepaper outlining the system.
Carbon Credit Markets Are Evolving, And Now Corporations Have Choices
While the voluntary carbon market is now navigating some problematic issues, the corporate world has a new option — the emergence of sovereign REDD+ reduction units known as ITMOs.
Gucci Is Reviewing Its Environmental Claims In Light of Recent Carbon Credit Buys
The luxury fashion maker Gucci has quit calling itself a carbon-neutral company. It says the carbon credits it buys need more transparency.
KLM Climate Suit Follows A Pattern. What Now?
The airline is the latest to get sued for allegedly making false claims about its climate promises – a company pledging to be net zero by 2050, following a familiar pattern.
Delta Suit Puts Carbon Offset Program Under the Spotlight
The lawsuit says the claim of carbon neutrality is “false and misleading,” but the airline disagrees with the accusation.
Salesforce Has Reached Sustainability Aims Using Green Energy and Offsets
Salesforce has reached its net-zero targets across its entire value chain and uses 100% renewable energy for its global operations — a goal achieved by buying credits equal to the electricity it consumes.
GM Has Become an ‘Energy Star’ with Efficiency and Circular Programs
In 2010, GM committed to a 20% reduction in carbon intensity by 2020. It achieved that goal in 2017. And in January 2021, it said it would source 100% renewable energy to power GM facilities in the U.S. by 2030 and globally by 2035.