These are welcome news. Seems like a small company in short amount of time was able to develop and validate carbon removal. Stripe's commitment helped them do this, which is great. I wish them further successes in making the process cheaper and faster.
And at the current prices it doesn’t cover even 20% of the cost of removal of co2, not to mention the environment destruction.
If everyone was simply free to pollute all they wanted, we'd all end up severely ill, which doesn't sound like freedom to me.
there should be no “but” in this sentence - the libertarian approach would be to allow anyone to pollute as much as they want as long as they clean up the pollution afterwards (or pay for cleanup :) )
The amount of CO2 sequestered is about 80 cars/year worth, and I’m not sure if that accounts for the thermal decomposition reactions, transport, or other steps involved with bio oil production. (Worth noting the “bio oil” is not a usable product, as Charmful says on their website it’s a waste product they’re burying in the ground.)
Say they had 1MM Stripes, operating at 10^6 scale, e.g. 80,000,000 cars worth, it would still actually make no difference, reducing yearly global CO2 output on the rough magnitude of .000001%.
Not sure what else to say.
Carbon removal is early in the development cycle and needs rapid acceleration to be able to become more efficient and scalable.
However often the cost overshadows this need and companies choose the greenwashing "carbon credits" approach to save $$s which blocks the progress.
Nobody can live a life without being responsible for some carbon emissions at the moment. Even if we could, there is still an excess of CO₂ already present that we need to remove.
This is an early, important step.