Carbon Removal Group Gets $915M from Big Tech, Retail Companies -- Market Talk

Dow Jones
06/17

1158 ET - Carbon removal coalition Frontier got $915 million in new funding, with participation from big tech companies like Stripe, Google, Shopify, Salesforce and Anthropic, as well as clothing company H&M Group. Frontier is an advance market commitment, meaning it gets companies to pledge ahead of time that they will buy carbon removal down the line, sending a signal to researchers, entrepreneurs, and investors that there is ample demand for those technologies to accelerate their development. The new funding takes Frontier's total commitment to $1.8 billion, Frontier says. (kelly.cloonan@wsj.com)

 

(END) Dow Jones Newswires

June 17, 2026 11:58 ET (15:58 GMT)

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