Removal deal.

The Frontier fund, which includes companies such as Alphabet, Meta and Stripe, struck its first major carbon removal services deal in Europe on Tuesday, Bloomberg reported.

It will pay a Swedish utility to burn biomass (like woodchips and logging waste) at power plants and then trap the CO2 using carbon capture and storage. The goal is to create demand for the cleantech.

Anca heashot

Anca Gurzu

Chief Europe Correspondent