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Stockreport

Carbon Removal Fund Backed By Meta, Alphabet Agrees Europe Deal [BNN Bloomberg (Canada)]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: BNN Bloomberg
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The Frontier fund, which includes companies such as Alphabet Inc. and Meta Platforms Inc., will pay $48.6 million to Stockholm Exergi AB to capture and store carbon. The Swedish utility burns biomass — including wood chips and logging waste — at power plants, and it aims to trap emissions at its Stockholm facility using a carbon capture and storage system. This process can prevent materials like branches and sawmill dust from decaying and releasing carbon into the atmosphere. The updated plant is slated to go into operation in 2028, and Exergi says it will be able to capture up to 800,000 tons of CO2 annually. While Exergi's plant will be among the largest projects of its kind, the total carbon it promises to remove represents a small fraction of the billions of tons the world will likely need to pull from the atmosphere annually by mid-century in order to limit global warming to 1.5C (2.7F). The captured CO2 will be cooled and compressed into liquid form before being transported [Read more]
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Stockreport

Carbon Removal Fund Backed By Meta, Alphabet Agrees Europe Deal [BNN Bloomberg (Canada)]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: BNN Bloomberg
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The Frontier fund, which includes companies such as Alphabet Inc. and Meta Platforms Inc., will pay $48.6 million to Stockholm Exergi AB to capture and store carbon. The Swedish utility burns biomass — including wood chips and logging waste — at power plants, and it aims to trap emissions at its Stockholm facility using a carbon capture and storage system. This process can prevent materials like branches and sawmill dust from decaying and releasing carbon into the atmosphere. The updated plant is slated to go into operation in 2028, and Exergi says it will be able to capture up to 800,000 tons of CO2 annually. While Exergi's plant will be among the largest projects of its kind, the total carbon it promises to remove represents a small fraction of the billions of tons the world will likely need to pull from the atmosphere annually by mid-century in order to limit global warming to 1.5C (2.7F). The captured CO2 will be cooled and compressed into liquid form before being transported [Read more]
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