Frontier committed an additional $915 million to purchase carbon removal credits. This investment brings the coalition's total funding to nearly $1.8 billion. Founding members include Stripe, Google, and Salesforce.
AI startup Anthropic joined the group as its newest member. This marks Anthropic’s first major climate initiative as the industry faces scrutiny over energy consumption.
The group operates as an advance market commitment to guarantee future demand. This model helps early-stage technologies like direct air capture and rock weathering secure financing.
Frontier will focus on a small portfolio capable of gigaton-scale removal. The coalition will structure offtake agreements spanning 8 to 10 years.