Business Leaders Know the Climate Status Quo Is Untenable
New carbon removal funds show the private sector is stepping up on climate, and that’s reason for optimism.
The “Orca” direct air capture and storage facility operated by Climeworks AG, in Hellisheidi, Iceland. Stripe Inc. has supported Climeworks’ carbon removal technology.
Photographer: Arnaldur Halldorsson/BloombergSign up to receive the Green Daily newsletter in your inbox every weekday.
It’s been 50 days since Russia’s unprovoked attack on Ukraine. A lot has changed since then, but viewed from a different angle, very little has changed. Russia now faces some of the stiffest sanctions ever devised — with major carveouts for oil, gas, and coal. The U.S. has banned the import of Russian oil, although it never imported a lot to begin with. The European Union, meanwhile, has bought from Russia some $35 billion worth of fossil fuels and counting since the invasion.