: JPMorgan, Autodesk, H&M and Workday join Frontier by purchasing carbon removal
Frontier, a non-profit founded by executives from Stripe Inc., Alphabet Inc. GOOG , Shopify SHOP, Meta Platforms Inc. META and McKinsey, said Wednesday that Autodesk Inc. ADSK , H&M Group, JPMorgan Chase & Co. JPM and Workday Inc. WDAY joined its network. The four companies committed a combined $100 million of “permanent, high-quality carbon removal” offtakes over the next eight years. The latest dollar pledge will bring Frontier’s total advance market commitment to more than $1 billion. Frontier will work with non-profit Watershed to develop permanent carbon removal technologies. Carbon removal purchases include direct air capture, bio-oil sequestration, reforestation and biochar, which is charcoal produced from plant matter and stored in the soil as a means of removing carbon dioxide from the air.
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