Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep | TechCrunch

Image for article Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep | TechCrunch
News Source : TechCrunch

News Summary

  • Since 2020, Microsoft's carbon emissions have grown by nearly a quarter.
  • Microsoft has been buying massive amounts of carbon-removal credits to attempt to remedy that situation.
  • The company recently announced a newly announced purchase of 4.9 million metric tons from Vaulted Deep.
  • Neither party disclosed the financial terms of the deal, which will last 12 years through 2038.
  • It collects solid waste that would otherwise be headed for a landfill or incinerator, blends it into a slurry, and injects it into porous rocks deep underground.
Microsoft is building data centers as fast as it can, and thats killing its carbon balance sheet. Since 2020, its carbon emissions have grown by nearly a quarter, undermining the pledge it made that [+1829 chars]

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