Stripe will pay $1 million a year to take carbon out of the air — but will it work?

Photo by Salwan Georges / The Washington Post via Getty Images Major online payments platform Stripe announced on Thursday that it’s pointing its sustainability pocketbook toward technologies that aim to capture planet-warming gases from the air and store them in the ground. The company said it already fully offsets its greenhouse gas emissions, investing in green projects that reduce emissions elsewhere. Achieving that carbon-neutral goal has been considered a gold standard by many companies. Stripe is going one step further by putting its money into technologies that result in negative emissions. It’s now committed to spending twice as much as it currently does on offsets of carbon sequestration. It will allocate at least $1 million each year on negative emissions technology by purchasing tons of... Continue reading…