News Summary

• Microsoft is building data centers as fast as it can, and that’s killing its carbon balance sheet.
• Since 2020, its carbon emissions have grown by nearly a quarter, undermining the pledge it made that year to remove more carbon from the atmosphere than it generates by 2030.
• Microsoft has been buying massive amounts of carbon-removal credits to attempt to remedy that situation, including 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.