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Google Commits $35 Million to Carbon Removal Credits, Leading the Way in DOE’s New Climate Initiative.

Google has pledged to spend at least $35 million over the next year on purchasing carbon removal credits, making it the first company to participate in the Department of Energy’s Carbon Dioxide Removal Purchasing Challenge. The challenge is part of the Biden administration’s broader effort to commercialize technologies that can filter carbon dioxide from the air and oceans. The new program aims to make it easier for corporations to offset their emissions via carbon removal and stimulate the climate tech industry.

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