Limerick brothers pick $1m in carbon-removal projects to spur industry

Patrick and John Collison are supporting a radical approach to fighting climate change.

The billionaire brothers from Limerick who control San Francisco-based online payments company Stripe are spending a quarter of a million dollars to import special sand to a remote Caribbean beach.

But founders Patrick and John Collison are not creating a waterfront hideaway. Instead, Stripe is supporting a radical approach to fighting climate change. The beach project - taking coarse-milled olivine to the water’s edge so the waves can grind it up, allowing the ocean to absorb more carbon - is one of four investments in carbon removal Stripe announced on Monday.