Terms
- Not ranked
- Offtake, therefore not eligible for carbon financing league table
- Announced
- 17 Dec 2024
- Instrument
- Offtake
- Amount
- US$48.0mFor 224,500 tCO2e
- Source
- frontierclimate.com
Parties
- Project developer
- CO280 Solutions Inc.
- Country
- Canada
- Buyers
+11 more
- H&M Group
- Workday
- Salesforce
- Aledade
- Canva
- Match Group
- Samsara
- SKIMS
- Skyscanner
- Wise
- Zendesk
Carbon
- Pathway
- Industrial CCS / CCUS
What happened
- Frontier purchase on behalf of Stripe Climate, Google, Shopify, McKinsey Sustainability, Autodesk, H&M Group, Workday, Salesforce, Aledade, Canva, Match Group, Samsara, SKIMS, Skyscanner, Wise and Zendesk, the last eight through Frontier’s Watershed partnership. 224,500 tonnes delivered 2028 to 2030. No evidence that capital moved before the credits, so it does not rank.
Kumo note
- CO280 finances carbon removal at other people’s assets, retrofitting capture onto existing pulp and paper mills rather than building its own plant, so the offtake rather than the equity is what moves first.
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