Belfast Telegraph

Payment firm in $1m a year green scheme

Irish brothers Patrick and John Collison have committed to combat their company's carbon footprint.
Irish brothers Patrick and John Collison have committed to combat their company's carbon footprint.

By Staff Reporter

Stripe, the online payments business founded by the billionaire Irish brothers Patrick and John Collison, is to spend at least $1m a year on capturing and storing carbon dioxide (CO2) from the atmosphere to offset its carbon footprint.

Christian Anderson, an engineer at Stripe, said the firm was "committing to pay, at any available price, for the direct removal of carbon dioxide from the atmosphere and its sequestration in secure, long-term storage."

He also urged other companies to commit to doing the same.

Stripe has been carbon-neutral since 2017 through a scheme to capture and burn methane - a more harmful gas than CO2 - from a landfill.

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