Companies including Google and Facebook are pouring more than $900 million into a nascent technology that’s essential to zeroing out emissions.

The purchases, which will be made by a new Stripe-owned company called Frontier, will dwarf any previous efforts of their type. In 2020, Stripe announced that it would spend $1 million buying carbon-removal credits—at the time, the largest purchase ever. Since then, Stripe and its customers have spent about $15 million on carbon removal…

Companies including Google and Facebook are pouring more than $900 million into a nascent technology that’s essential to zeroing out emissions.

The purchases, which will be made by a new Stripe-owned company called Frontier, will dwarf any previous efforts of their type. In 2020, Stripe announced that it would spend $1 million buying carbon-removal credits—at the time, the largest purchase ever. Since then, Stripe and its customers have spent about $15 million on carbon removal…