Source: Bloomberg
Summary
Microsoft has inked a deal with Alt Carbon to deploy the startup’s carbon capture technology. The agreement comes after more than a year of scientific review and due diligence. Microsoft required additional verification and data-sharing measures. The deal is part of Microsoft’s push to achieve net-zero emissions.
Our Reading
The launch follows a familiar script.
Microsoft partners with a carbon capture startup, because that’s exactly what it did last year. And the year before. Alt Carbon’s tech is the latest addition to Microsoft’s net-zero toolkit. The company spent a whole year reviewing the science, because it’s not like they’ve heard this pitch before. Microsoft’s due diligence was thorough, because they’re not just buying what they’re selling. Yet.
Author: Evan Null
