Decrement carbon: Stripe's negative emissions commitment (stripe.com)

Article summary

Stripe has committed to paying for the direct removal of carbon dioxide from the atmosphere and its sequestration in secure, long-term storage, in addition to its existing carbon offset program. The company aims to spend at least $1 million per year on this effort, with no upper limit on the price per ton of CO2 removed. Stripe believes that early adoption and investment in carbon capture and sequestration technologies can help drive down costs and make them more viable. The company is calling on other businesses to join them in this commitment.

Main themes

• carbon capture
• climate change
• sustainability
• emission reduction
• technological innovation

What commenters say

• Some commenters argue that carbon capture and storage solutions can perpetuate the status quo of fossil fuel burning and may not be a morally justifiable solution.
• Others believe that any net positive impact on the environment is worth pursuing, regardless of potential drawbacks or tradeoffs.
• The cost of carbon capture and storage is a significant factor, with some arguing that it is currently too expensive to be viable, while others believe that prices will come down as the technology improves.
• There is debate over whether individuals and companies should focus on reducing their carbon emissions or offsetting them through measures like carbon capture and storage.
• Some commenters suggest that a carbon tax or price on carbon emissions could be an effective way to reduce emissions and encourage sustainable behaviors.
• Others argue that innovation and technological advancements are the key to addressing climate change, rather than relying solely on individual actions or government policies.
• The idea of buying and storing oil or other fossil fuels as a way to reduce emissions is seen as impractical and potentially counterproductive by some commenters.
• There is a need for a multifaceted approach to addressing climate change, including both reducing emissions and removing existing CO2 from the atmosphere.