CEBA Spring Meeting Carbon Removal Tour #2
The shuttle will depart at 7am sharp! We’ll have coffee for you in the transportation lobby starting at 6:40am. The transportation lobby ia located just a few steps from the main entrance area.
To get there, from the main entrance walk away from the conference side of the resort toward the “pool/spa/fitness” side and follow signs for uber and lyft to locate the transportation lobby.
Shoot us a text or call if you have any questions!
Harris: 5102959256
UN Scientists estimate we need ~$1T of permanent removals per year by 2050.
Yet as of the end of 2023, we’ve only developed 0.05% of the capacity to deliver these removals
Carbon removal purchasing now totals $2.1 billion - it was $0 in 2019, growing 6x in 2023 alone.
All corporate net zero standards articulate the UN IPCC assertion that permanent removals will be needed to achieve true net zero.
Most purchasing has been done via long term bilateral agreements, very closely mirroring power purchase agreements.
A coalition of Google, McKinsey, Facebook, Stripe, Shopify, H&M, Autodesk, Workday and Watershed announced a $53 million purchase from Charm Industrial to remove over 100K tons of CO2 permanently.
JPM Chase also announced a separate 28,585 ton purchase from Charm, which is already being delivered.
Charm Industrial puts a carbon rich bio-oil made from corn stalks and forestry residues into empty oil wells, permanently removing the carbon from the atmosphere. Charm is also commercializing the production of carbon negative iron from the bio-oil. See here for a preview: https://youtu.be/3avR8TVT0cg
Logistics:
Shuttle service provided roundtrip from the Gaylord Rockies Resort in Aurora to Charm’s location; 2360 S Rollie Fort Lupton, CO
Attendees are welcome to arrive on their own if preferred. Arrival Details: www.charmindustrial.com/visitco.pdf
Timing for Friday, 5/24:
Shuttle departs Gaylord Rockies Resort at 7am MT - transportation lobby
Arrival at Charm Industrial factory at 7:30am MT - coffee and healthy-ish pastries provided!
Carbon Removal Technology Tour 7:30am - 8am MT
Shuttle returns to Gaylord Rockies Resort for the final day of the Summit by 8:30am MT