The New Climate Gold Rush: Scrubbing Carbon From the Sky

The New York Times ^ | Dec. 22, 2024 | David Gelles and Christopher Flavelle

[E. Pluribus Unum]

This summer, Bill Gates huddled in London with representatives of some of the world’s wealthiest people, including the Amazon founder, Jeff Bezos, the SoftBank founder, Masayoshi Son, and Prince al-Waleed bin Talal Prince of Saudi Arabia.

They were evaluating their joint investments in companies that could help the world combat climate change. Among the businesses in their portfolio, four stood out as having a particularly audacious goal: They were working to strip carbon dioxide from the atmosphere, for a profit.

As countries around the world continue to pump planet-warming pollution into the skies, driving global temperatures to record levels, the financial world is racing to fund the emerging field of carbon dioxide removal, seeking both an environmental miracle and a financial windfall.

The technology, which did not exist until a few years ago, is still unproven at scale. Yet, it has a uniquely alluring appeal. Stripping away some of the carbon dioxide that is heating up the world makes intuitive sense. And with a small but growing number of companies willing to pay for it, investors are jockeying to be first movers in what they believe will inevitably be a big industry that is necessary to help fight global warming.

Companies working on ways to pull carbon dioxide from the air have raised more than $5 billion since 2018, according to the investment bank Jefferies. Before that, there were almost no such investments.

“It’s the single greatest opportunity I’ve seen in 20 years of doing venture capital,” said Damien Steel, the chief executive of Canada-based Deep Sky, which has raised more than $50 million to develop carbon dioxide removal projects. “The tailwinds behind the industry are greater than most industries I’ve ever looked at.”

The group assembled by Mr. Gates, known as Breakthrough Energy Ventures, is among the biggest backer of the more than 800 carbon...

[E. Pluribus Unum]

No matter how much you hate the climate change hoaxers, you can never hate them enough.

[Dahoser]

Bad news for these dipwads because for at least the next four years Uncle Sam will not be throwing our money their way.

[PeterPrinciple]

“It’s the single greatest opportunity I’ve seen in 20 years of doing venture capital,” said Damien Steel, the chief executive of Canada-based Deep Sky, which has raised more than $50 million to develop carbon dioxide removal projects. “The tailwinds behind the industry are greater than most industries I’ve ever looked at.”

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I think they are late to the fashion party.

maybe they could try hulu hoops.

[Roadrunner383]

College students have signed petitions calling for the removal of all CO2 from the atmostphere. The petitions were meant as a joke, but clueless students were happy to sign them.

[Fester Chugabrew]

Plant life goes first, and with it food.

[Brian Griffin]

I’m looking forward to the time when rope-based CO2 emission reduction is publicly demonstrated.

[Ronaldus Magnus III]

“”The New Climate Gold Rush: Scrubbing Carbon From the Sky””

The Latest Climate Hoax Fiasco: Scrubbing Plant Food From the Sky

There, fixed it.

Almost all, if not all, life on Earth is carbon-based life. The democRATS, DemoKKKrats, Deep State, WEF all HATE life, and will do anything to kill.

[Brian Griffin]

I suspect contracts for these schemes have been entered into by utilities.

[rktman]

We have some trees that help, if carbon is a problem, for a little water and some sunshine.

[Blennos]

The democRATS, DemoKKKrats, Deep State, WEF all HATE life, and will do anything to kill.

And, of course, make a gigantic profit in implementing this idiocy. That is what the climate hoax is all about. That and control.

[Brian Griffin]

The USA has about 100 million bovines and about 3 million square miles of land.

That works out to be about one belching bovine per 20 acres.

Could any sensible person that has done the obvious math think that those belching bovines could change the climate?

[Qwapisking]

carbon based units infest planet earth and must be eradicated. SILICON LIVES MATTER!

[Tell It Right]

[DSH]

I suspect contracts for these schemes have been entered into by utilities.

I can assure you that such is the case. Electric utility companies today are among the most wretched of the climate-grifter con artists.

If the Trump administration this time around doesn't put an outright end to this racket, tearing out the "climate agenda" by the roots, then we'll know we've been had. Trump failed spectacularly in this regard the first time around. He pulled the U.S. out of the Paris Agreement, yes, but otherwise kept the domestic carbon racket up and running.

[Qwapisking]

carbon based units infest planet earth and must be eradicated. SILICON LIVES MATTER!

[Disambiguator]

The amount of gaslighting in the article is breathtaking. I guess they don’t teach plant respiration in school anymore. I think that was 5th grade or thereabouts.

People forget that we get our OXYGEN from carbon diOXIDE. Remove CO2 from the atmosphere and you’re taking O2 with it.

What could go wrong?

[PIF]

The New Climate Gold Rush: Scrubbing Carbon From the Sky to End All Plant Life on Earth.

[butlerweave]

They’ll never give up their scams to steal taxpayer money

[AZJeep]

According to SCIENCE, which those people like to quote, you cannot remove Carbon dioxide from atmosphere without spending more energy. And that energy will have to be obtained using fossil fuels.
So, scientifically, all those efforts cannot help in overall balance.

[antidemoncrat]

“They were evaluating their joint investments in companies that could help the world combat climate change.”

Were they really discussing that or how to depopulate the world?