Stripe's carbon removal fund agrees Europe deal

The Frontier fund, which includes companies such as Alphabet and Meta Platforms, will pay €45.3m to Stockholm Exergi AB to capture and store carbon

Patrick and John Collison the co-founders of Stripe; their company is leading a group for buying carbon removal services.

A Stripe-led group for buying carbon removal services struck its first major deal in Europe on Tuesday as it aims to help stimulate a global market for the technology.

The Frontier fund, which includes companies such as Alphabet and Meta Platforms, will pay $48.6m (€45.3m) to Stockholm Exergi AB to capture and store carbon.