Microsoft Rejects Speculation It’s Axing Its Carbon Business (2)

Microsoft Corp., the world’s biggest investor in carbon removal projects, rejected speculation that it is abandoning its efforts to build out the technology.

“Our carbon removal program has not ended,” Microsoft Chief Sustainability Officer Melanie Nakagawa, said in an emailed comment to Bloomberg. “We continue to both build on and support our existing portfolio of both nature-based and technology-based solutions.”

The comments follow a Heatmap report that the technology behemoth is pausing carbon removal purchases.

Bloomberg reported separately that individual Microsoft staff had started calling some carbon-removal project developers to tell them the work was being shelved. In ...