Stripe and others to spend nearly $1bn on carbon removal

The Frontier fund will help fledgling carbon-removal companies scale up and reduce the cost of withdrawing each ton of CO2

Patrick and John Collison: Stripe owns the Frontier fund, to which start-ups with technologies that pull CO2 from the air can pitch.

Irish firm Stripe is leading some of the world's largest companies in spending $925m (€850m) buying offsets from start-ups that remove carbon dioxide from the air.

The Frontier fund, a public-benefit corporation owned by Stripe has received funding from Google's parent company Alphabet, Facebook's owner Meta and from Shopify.