Stripe customers will be able to funnel money into carbon capture projects

Swiss startup Climeworks has been a pioneer in efforts to capture carbon dioxide from the air and store it in underground rock formations. | Image courtesy of Stripe

Starting today, US businesses that process payments through the online payments platform Stripe will be able to give a portion of their revenue from each sale to projects that remove planet-heating carbon dioxide from the atmosphere. Stripe won’t earn anything from the new service. The move is designed to boost carbon capture technologies and comes a little more than a year after the company made a commitment to spend $1 million a year to support the emerging industry.

For now, Stripe’s customers will be able to contribute to the same four projects that Stripe decided to support earlier this year. That includes a project that traps carbon dioxide in concrete, another that pulls…

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via The Verge – All Posts

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