Microsoft signs 10-year deal with Canadian cleantech company that turns CO2 into rocks

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  • Microsoft Corp. has tapped a Canadian carbon-removal startup in its quest to counter rising emissions from its expanding data-centre, artificial intelligence and supply-chain operations.

  • The tech giant signed a 10-year deal with Vancouver-based Arca Climate Technologies Inc. that will see it purchase nearly 300,000 tonnes of permanent carbon removal credits in a landmark commercial deal for the Canadian carbon tech sector.

  • Arca landed the contract with Microsoft, worth an undisclosed amount, after demonstrating its process in an 18-month pilot at BHP Group Ltd.’s nickel mine in Australia.

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Read the full news here: Microsoft signs deal with Canadian carbon-removal startup | Financial Post