Tag: Green

Technology which ‘sucks’ excess CO2 from the air could hurt UK’s green ambitions

Dominic Cummings
Dominic Cummings

Plans to pump £100m of taxpayer cash into technology designed to “suck” carbon dioxide out of the atmosphere risks starving more immediate and commercially viable energy projects of cash, environmental groups have warned.

A project which has the backing of Dominic Cummings, one of the Prime Minister’s special advisers, is said to have received £100m from the Treasury to develop new carbon capture technology.

It would work by using metal “air scrubbers”, which would chemically strip carbon dioxide from the atmosphere. The excess carbon could then be stored safely underground. 

However, environmental groups have warned against awarding the

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Tech Giants Increase Green Investments: 4 Stocks in Focus

Climate change has become a pressing concern in recent years as people continue to pay the price for rising carbon footprint that has resulted in adversities like heatwaves, increasing sea levels, forest fires and accelerated natural resource depletion.

Sustainable practices to reduce greenhouse gas emissions and limit warming to 1.5 degrees Celsius by the end of this century are undoubtedly a priority for most industries. The technology sector is helping many companies reduce carbon footprint through meaningful solutions. Players in the technology space are harnessing digital advancements to support climate action goals.

Leading technology companies including Amazon have committed to

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