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Stripe customers will be able to funnel money into carbon capture projects

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20170510DSC_6501_PhotosbyJuliaDunlop.0.j Swiss startup Climeworks has been a pioneer in efforts to capture carbon dioxide from the air and store it in underground rock formations. | Image courtesy of Stripe

Starting today, US businesses that process payments through the online payments platform Stripe will be able to give a portion of their revenue from each sale to projects that remove planet-heating carbon dioxide from the atmosphere. Stripe won’t earn anything from the new service. The move is designed to boost carbon capture technologies and comes a little more than a year after the company made a commitment to spend $1 million a year to support the emerging industry.

Initiatives are in relatively early stages of development

For now, Stripe’s customers will be able to contribute to the same four projects that Stripe decided to support earlier this year. That includes a project that traps carbon dioxide in concrete, another that pulls...

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