Today’s ESG Updates:

• Microsoft Finalises Deal with Carbon Removal Company CO280: The project is set to remove 3.7M tonnes of CO2 from U.S. pulp and paper mill industries.
• Clorox Australia Ordered to Pay $5.2M Over False Recycled Plastic Claims: The garbage bag giant is to be fined by Australia’s competition regulator.
• China Will Continue to Build Coal Plants Through 2027: A new government released action plan outlines a clear future for coal in China with certain restrictions in place.
• Kodak Publishes Sustainability Report: The global photography company publishes a sustainability report titled ‘One World, One Kodak’.

Microsoft finalises deal set to remove 3.7M tonnes of CO2 from U.S. pulp and paper mill

Microsoft and CO280, a carbon dioxide removal project developer announced a huge purchase dea which is set to remove nearly 3.7 million tonnes of carbon dioxide spanning over twelve years. The project will capture and permanently hold biogenic carbon emissions from an American pulp and paper mill on the Gulf Coast. Pulp and paper mills are huge contributors to industrial greenhouse gas emissions where American mills emit 88 million tonnes of biogenic CO2 every year. This agreement follows a long string of carbon removal deals for Microsoft as they aim to fulfill their carbon negative goal for 2030. For businesses looking to navigate ESG guidelines and achieve carbon net zero goals, see ESG solutions.

***

Further reading: Microsoft Signs Deal to Remove 3.7 Million...

Read Full Story: https://news.google.com/rss/articles/CBMibEFVX3lxTE42SEFCaHlzeGJ1ejVYQ1FSYlVD...