Silicon Valley is enamored with a company that pumps poop underground [Verge, The]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Verge, The
Share this story 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 rising into the atmosphere as it decomposes. On top of Frontier's founding companies, Autodesk, H&M Group, JPMorgan Chase, Workday, and other brands are also part of the deal Frontier announced today. Vaulted Deep agreed to seque
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- JPM's page on the SEC website