Stripe, Shopify, H&M spend $7 million on carbon removal from a dozen new companies

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Frontier, a public benefit company owned by payment processing company Stripe, says it has facilitated the purchase of $7 million in carbon removal from a dozen new companies in the nascent but growing industry.

Stripe, Shopify and H&M Group announced Thursday they are spending $7 million on carbon removal from a dozen new startups.

The deal was facilitated by Frontier, a public benefit company owned by payment processing company Stripe, which launched in April 2022 to accelerate the development of carbon removal technologies and make sure there is future demand to support the growth of the nascent industry…

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