Connect with us

Hi, what are you looking for?

Smart Income LibrarySmart Income Library

Tech News

Microsoft ramps up plans to capture carbon from burning wood

A person stands in front of a wall of greenery. Above him, a screen says “the world’s carbon problem.”
Brad Smith, president of Microsoft, speaks during a climate initiative event at the Microsoft campus in Redmond, Washington, on Thursday, January 16th, 2020.  | Photo: Getty Images

Microsoft is doubling down on a controversial plan to capture carbon dioxide emissions from wood-burning power plants. It announced a contract with energy company Stockholm Exergi to capture 3.33 million metric tons of carbon emissions from a biomass power plant in the Swedish capital in what is potentially the biggest deal of its kind to date — equivalent to taking more than 790,000 gas-powered cars off the road for a year.

It’s supposed to help Microsoft meet its goal of capturing more planet-heating carbon dioxide than it produces as a company by 2030 and then removing as much CO2 from the atmosphere as it has ever emitted since its founding by 2050.

But the jury is still out on whether wood-burning power plants actually help fight…

Continue reading…

You May Also Like

Tech News

The new 2024 VanMoof S5 in Amsterdam where the majority of this UK-owned company still works. | Photo by Thomas Ricker / The Verge...

Editor's Pick

On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use one SMA to pinpoint great entries in pullback plays,...

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...

Business

Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the...