Sweeping Up The Skies: Amazon Buys 250,000 Metric Tons Of CO2 Removal Credits From 1PointFive
Portfolio Pulse from Nabaparna Bhattacharya
Amazon has agreed to purchase 250,000 metric tons of carbon dioxide removal (CDR) credits over ten years from 1PointFive's STRATOS plant. This is Amazon's first investment in direct air capture climate technology. The company aims to source 100% of its electricity from renewable energy sources by 2025 and reach net-zero carbon by 2040. Other tech companies like Microsoft and Alphabet are also focusing on reducing their carbon footprints.
September 12, 2023 | 12:37 pm
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POSITIVE IMPACT
Amazon's investment in direct air capture climate technology could enhance its sustainability image, potentially attracting environmentally conscious investors.
Amazon's commitment to sustainability through the purchase of CDR credits and its goal to reach net-zero carbon by 2040 could be seen as a positive move by investors who prioritize environmental responsibility. This could potentially increase demand for Amazon's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Alphabet's plans to reduce emissions and invest in carbon removal solutions are highlighted, which could appeal to environmentally conscious investors.
Alphabet's commitment to reducing emissions and investing in carbon removal solutions underscores its commitment to sustainability, which could be seen as a positive move by investors who prioritize environmental responsibility. This could potentially increase demand for Alphabet's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Microsoft's commitment to reducing its carbon footprint is highlighted, which could appeal to environmentally conscious investors.
Microsoft's long-term contract to purchase CO2 removal underscores its commitment to sustainability, which could be seen as a positive move by investors who prioritize environmental responsibility. This could potentially increase demand for Microsoft's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50