Microsoft in deal with Equinor for Norway CO2 storage project
(Reuters, 14 Oct 2020) Software giant has pledged to remove enough CO2 by 2050 to account for all its emissions since its founding in 1975, and to invest $1 billion in carbon removal technology.
Microsoft Corp has signed a memorandum of understanding with Norway's Equinor to explore the use of a carbon dioxide storage facility as the tech firm seeks to erase its carbon footprint, it said on Wednesday.
The world's largest software company pledged in January to remove enough CO2 by 2050 to account for all its emissions since its founding in 1975, and to invest $1 billion in a carbon removal technology.
Microsoft will become a technology partner in the Northern Lights project, part of a wider Norwegian effort to develop carbon capture technology at industrial sites and store CO2 under the seabed, Equinor said at a news conference in Oslo.
"Our goal is not only to contribute our technology and know-how, but explore how new solutions like the Northern Lights project can help us meet our own carbon negative goals by 2030," Microsoft President Brad Smith said in a statement.