Anthropic joins $1.8B carbon removal bet, AI sector enters climate markets
Anthropic commits to Frontier's $915M carbon removal tranche, nearly doubling pledges and marking AI's first structural entry into durable CDR offtake markets.
SBTi mandates carbon removal purchases for 11,000 companies by 2035
The Science Based Targets initiative published Net-Zero Standard V2.0 on June 11, requiring large companies to buy carbon removal credits from 2035, potentially creating 293M–1.1B tonnes annual demand.
JPMorganChase locks 60,000 tons from Graphyte's biomass carbon removal
JPMorganChase signed a decade-long offtake deal for 60,000 tons of carbon removal from Graphyte, betting on sub-$100/ton biomass sequestration over direct air capture as the near-term pathway to scale.