Connect with us

Hi, what are you looking for?

Tech News

Silicon Valley is enamored with a company that pumps poop underground

A network of underground pipes.
Wastewater pipes at a reclamation plant in California on Wednesday, August 4, 2021. | Getty Images

aBig brands are paying startup Vaulted Deep $58.3 million to shoot poop and other organic waste products into underground wells as a way to fight climate change.

The deal was brokered by a group called Frontier Climate, which Stripe, Alphabet, Meta, Shopify, and McKinsey Sustainability launched in 2022 to support emerging climate tech. Specifically, Frontier is interested in trying to remove carbon dioxide from the atmosphere. They connect buyers with startups like Vaulted Deep that are developing ways to capture CO2 and sequester it underground so that it doesn’t heat up the planet.

Vaulted Deep’s strategy is to gather sewage, manure, and agricultural and paper mill waste and inject it deep underground to keep carbon in the waste from…

Continue reading…

You May Also Like

Editor's Pick

James Bacchus Is President Joe Biden more interested in fighting climate change or in sheltering domestic industries from foreign competition? We will find out...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave welcomes Gina Martin Adams, CMT CFA of Bloomberg Intelligence. David highlights a spike higher in the...

Editor's Pick

Thomas A. Berry In the First Step Act of 2018, Congress significantly altered how mandatory minimum penalties attach to repeat violations of section 924(c),...

Politics

Republicans are significantly more enthusiastic about the 2024 election rematch between President Biden and former President Donald Trump than either Democrats or independent voters,...