Big Tech-backed coalition for carbon removal increases funding by $915 million,

By EC Assets · Published 17 June 2026

A coalition supported by Big Tech companies has increased its funding for carbon removal technology by an additional $915 million. The coalition also announced the addition of Anthropic as a new member. The funding increase and new membership were reported on Wednesday, June 17, 2026. This development impacts the growing sector of carbon removal technologies, which aims to mitigate climate change through various methods of carbon capture and storage. Anthropic joins other firms in this initiative. The group focuses on advancing technologies designed to pull carbon dioxide directly from the atmosphere. Anthropic has also been involved in discussions with world leaders at the G7 summit, alongside other companies like OpenAI and Google. The increased investment signals continued commitment from technology companies toward environmental solutions. Credit markets have shown no signs of stress due to issuance exceeding $300 billion since the beginning of 2026. Investors are absorbing supply, indicating strong interest in the AI story. This article is intended for informational purposes only. It does not constitute investment advice.