In this series we are highlighting the ways that Totera customers are helping fight climate change. Totera invests a portion of all electronic payments to help scale emerging carbon removal technologies.
Since December 19, 2021, Totera customers have helped new carbon removal companies make significant progress. Read the stories of these companies you helped fund and the people behind them.
Charm Industrial uses plants to capture CO₂ from the atmosphere. The company converts biomass into a stable, carbon-rich liquid and then pumps it deep underground. This removes CO₂ permanently from the atmosphere, out of reach of wildfires, soil erosion, and land use change.
Frontier is an advance market commitment (AMC) that aims to accelerate the development of carbon removal technologies by guaranteeing future demand for solutions like the one Charm Industrial is building. It’s funded by Stripe, Alphabet, Shopify, Meta, McKinsey, and tens of thousands of businesses using Stripe Climate. Climate models project that by 2050 we will need to permanently remove billions of tons of CO₂ from the atmosphere every year.
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