McKinsey, Google and others make $41 million credit purchase from Louisiana carbon removal project

  • The Frontier coalition is spending $41 million to buy 116,000 removal credits from a startup founded by a former SpaceX engineer.
  • Biomass energy projects have faced criticism for sourcing wood from primary forests.
  • The process is relatively expensive, but the coalition said costs could fall below $100 per ton of carbon dioxide removed as the technology is scaled.

Read the full news here: Google, McKinsey, others put $41 million in carbon removal plan