Amazon Takes Major Steps in Carbon Capture Technology Investment

Amazon has announced its investment in carbon capture technology, pledging to fund the world's largest deployment of direct air capture (DAC) technology by purchasing a quarter of a million metric tons of carbon removal over the next decade. The company will also invest in CarbonCapture Inc., a climate tech firm focused on accelerating the commercial deployment of new DAC materials. Amazon aims to target emissions that cannot be eliminated at their source and support the growth of technologies needed to combat global climate change. This follows Microsoft's recent agreement to purchase carbon credits from Heirloom Carbon, another carbon removal startup.