Carbon Removal Group Gets $915M from Big Tech, Retail Companies -- Market Talk
Dow Jones06-17 23:58
1158 ET - Carbon removal coalition Frontier got $915 million in new funding, with participation from big tech companies like Stripe, Google, Shopify, Salesforce and Anthropic, as well as clothing company H&M Group. Frontier is an advance market commitment, meaning it gets companies to pledge ahead of time that they will buy carbon removal down the line, sending a signal to researchers, entrepreneurs, and investors that there is ample demand for those technologies to accelerate their development. The new funding takes Frontier's total commitment to $1.8 billion, Frontier says. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 11:58 ET (15:58 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments