Tech companies poured money into carbon removal projects now in Trump's crosshairs
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Tech companies poured money into carbon removal projects now in Trump's crosshairs
"The tech industry has championed the development of new technologies that filter carbon dioxide out of the air as a way to try to undo the damage caused by planet-heating emissions. Over the past several years, they've made a slew of splashy announcements to fund these kinds of projects, called direct air capture (DAC). That dovetailed with the Joe Biden administration's attempt to fight climate change by funneling federal dollars into regional hubs for DAC."
"Now there's a new president in town, one who calls climate change a hoax and wants to "drill, baby, drill." The Donald Trump administration's latest attempts to kill clean energy and climate initiatives include slashing federal funding last week for at least 10 DAC hubs. It comes at an inflection point for American tech companies as their obsession with AI creates more carbon pollution."
Tech companies have promoted direct air capture (DAC) to remove atmospheric carbon dioxide and offset emissions. Federal support under the Biden administration included funding regional DAC hubs. The Trump administration cut federal funding for at least ten DAC hubs, jeopardizing those projects. Rising AI-driven emissions increase urgency and complicate corporate climate strategies. Major corporations such as Microsoft and Amazon have committed to carbon-removal purchases. Companies now face choices about whether to build DAC projects domestically or invest overseas. Erin Burns of Carbon180 said corporations are likely financially committed but uncertain whether projects will remain in the United States.
Read at The Verge
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