Google: Google to invest in carbon capture projects

Mar 18, 2024 | Posted by Abdul-Rahman Oladimeji

Google has revealed its plans to invest $35 million into carbon capture projects, matching the US government's aim to purchase 35 million in carbon removal credits through the Department of Energy’s (DOE) Carbon Dioxide Removal Purchase program.

Google announced this week, “We’re proud to be the first company to pledge to match the DOE’s program dollar for dollar. Through our own initiatives, we plan to contract for at least $35 million worth of carbon removal credits over the next 12 months.”

Randy Spock, carbon credits and removals lead at Google, said in a blog post, “We are excited to help accelerate the carbon removal industry. We look forward to working with our partners to identify and scale the most promising technology-based and nature-based carbon removal solutions and hope that other companies will join us.”