Microsoft bets a carbon removal bake-off will help offset its skyrocketing AI emissions [TechCrunch]
Royal Bank Of Canada (RY)
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Source: TechCrunch
part to its booming AI business . The company has bought a bunch of renewable power, but some emissions, like air travel, have been impossible to eliminate. What's a Big Tech firm to do? One option is direct air capture, the process of removing carbon dioxide from the atmosphere. Microsoft has been a large investor in DAC, through both equity checks in startups and committing to buying carbon credits in advance. But DAC is still in its infancy, with startups taking many different approaches in an attempt to find the cheapest, most efficient path. To speed things along, Microsoft announced today that, along with the Royal Bank of Canada, it's pre-purchasing 10,000 metric tons of carbon over 10 years from Deep Sky , a DAC project developer. Unlike other DAC projects, which focus on one technology, Deep Sky is hosting a bake-off of sorts, welcoming eight different startups to its site in Alberta, Canada, to see which one can do it best. The eight startups will all get space near a
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- 11/22/24 - Form 424B2
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- RY's page on the SEC website