To burnish their green credentials, companies have long paid to plant trees or protect forests in the hopes that nature will absorb their greenhouse gas emissions. Shopify, the Canadian company that runs e-commerce sites, wants to take a more hands-on approach — by paying a Texas venture to pull carbon dioxide from the sky and store it underground.
Shopify struck a deal this month with Carbon Engineering, which is about to start building a sprawling “direct air capture” facility in West Texas with its partner 1PointFive. Their plant, expected to be the largest of its kind, will use huge fans to draw in air and churn out pure CO2. Shopify has agreed to “buy” 10,000 metric tons of the gas that will be permanently sequestered in deep rock formations.
The initiative comes as corporations are redoubling promises to address climate change. Tech firms, airlines, and oil-and-gas giants have all recently pledged to reach “net-zero” emissions by 2050 — a loosely defined strategy which generally means they’re working to cut new emissions and reverse past pollution. Climate scientists say the world must now do both to limit global warming to 1.5 ... Read more