🚨 Large CDR Deal Alert! 🚨 Undo <> Microsoft

🚨 Large CDR Deal Alert! 🚨

UNDO has signed an agreement with Microsoft to supply 28,900 tonnes of CDR from enhanced weathering, supported by a novel debt facility from Inlandsis, a Canadian climate fund.

⛰ Under this agreement, 90,000 tonnes of wollastonite will be spread across 30,000 acres of Canadian farmland.

💸 A first for the industry, the financing structure for the deal provides capital needed to deliver on the purchase, with scope to scale enhanced weathering projects globally.

🆕 It is Inlandsis's first investment in an Enhanced Weathering project.

📈 The deal brings Microsoft <> UNDO contracted volume to 49,000 tonnes.

📝 The agreement is underwritten by CFC, a specialist insurance provider in carbon market initiatives.

⬆ With over 76,000 tonnes sold to date, UNDO moves up to 28th on the CDR.fyi Suppliers Leaderboard. (10% of all EW CDR contracted).

🔝Microsoft continues to stay on top of the CDR.fyi Purchasers Leaderboard, with over 30.6M tonnes in purchases, of which 80K (0.26%) from EW.

🔗 To learn more, read the full announcement here.

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