Carbon capture is necessary in the long term, for particular emissions that are hard to avoid (like specific industrial processes and parts of agriculture). But while we're still pumping out emissions that can be easily and cheaply displaced today, like coal and gas fired grid electricity, then the money being spent on carbon capture is being spent terribly ineffectively. And globally, we don't have the time or money to waste.

For example, most electricity grids are still partially carbon-intensive, despite renewable sources being cheap and available and in use. Simply buying some more solar panels and hooking them to a carbon-intensive grid will displace coal or gas emissions by the following lunchtime, far more cost-effectively than any form of carbon capture.

I understand the principle on working on research projects that have a long lead time. But Stripe should treat carbon capture as such, and could have a more cost-efficient climate strategy: put most of this money today into the most cost-efficient solutions available today, rather than putting its entire budget into the least cost-efficient solution.