 a
company is removing more carbon than it emits each year. While we at Microsoft
have worked hard to be “carbon neutral” since 2012, our recent work has led us
to conclude that this is an area where we’re far better served by humility
than pride. And we believe this is true not only for ourselves, but for every
business and organization on the planet.

>Like most carbon-neutral companies, Microsoft has achieved carbon neutrality
primarily by investing in offsets that primarily avoid emissions instead of
removing carbon that has already been emitted. That’s why we’re shifting our
focus. In short, neutral is not enough to address the world’s needs.

>While it is imperative that we continue to avoid emissions, and these
investments remain important, we see an acute need to begin removing carbon
from the atmosphere, which we believe we can help catalyze through our
investments.

> Solving our planet’s carbon issues will require technology that does not
> exist today. That’s why a significant part of our endeavor involves putting
> Microsoft’s balance sheet to work to stimulate and accelerate the
> development of carbon removal technology. Our new Climate Innovation Fund
> will commit to invest $1 billion over the next four years into new
> technologies and expand access to capital around the world to people working
> to solve this problem. We understand that this is just a fraction of the
> investment needed, but our hope is that it spurs more governments and
> companies to invest in new ways as well.

This is one of the most exciting and potentially impactfull announcements. My
biggest issue with companies that make a big deal about being "carbon neutral"
and "carbon offsets" is that many times it is "voodoo accounting" in which
they pay money to another company which claims to have prevented some carbon
emission in an unaccountable developing country. Basically, these carbon fees
just are another form of indulgences in which rich people pay money to be able
continue their sins while feeling good about themselves.

However, "carbon removal" is a game changer. Based on human nature, I do not
believe we will be able to change behavior enough to save ourselves. I think
our only hope of preserving our civilization is with carbon removal
technology.

That is why I am so glad that Microsoft is specifically focusing on this. If

a 
 company is removing more carbon than it emits each class. While we at Microsoft 
 have bring hard to be “ carbon achromatic ” since 2012, our late work has led us 
 to conclude that this is an sphere where we ’re far well served by humility 
 than pride. And we think this is genuine not only for ourselves, but for every 
 clientele and organization on the planet. 

 > Like most carbon paper - neutral companies, Microsoft has achieve carbon disinterest 
 chiefly by investing in offsets that primarily avoid discharge instead of 
 removing carbon that has already been emitted. That ’s why we ’re switch our 
 focus. In short, neutral is not enough to address the populace ’s needs. 

 > While it is imperative that we continue to avoid emissions, and these 
 investments remain important, we see an acute need to begin removing carbon 
 from the atmosphere, which we believe we can help catalyze through our 
 investments. 

 > solve our planet ’s carbon offspring will command technology that does not 
 > exist today. That ’s why a significant part of our enterprise involves putting 
 > Microsoft ’s balance sheet to shape to stimulate and accelerate the 
 > development of carbon removal technology. Our new Climate Innovation Fund 
 > will commit to induct $ 1 billion over the next four years into new 
 > technologies and elaborate access to das kapital around the populace to people working 
 > to solve this problem. We sympathize that this is just a fraction of the 
 > investment needed, but our hope is that it spurs more governments and 
 > companies to invest in new way as well. 

 This is one of the about exciting and potentially impactfull announcements. My 
 biggest issue with companies that make a large deal about being " carbon paper neutral " 
 and " carbon stolon " is that many times it is " voodoo account " in which 
 they pay money to another caller which claims to have prevent some carbon 
 emission in an unaccountable developing country. Basically, these carbon fee 
 just are another form of indulgence in which rich people pay money to be able 
 continue their sins while feeling beneficial about themselves. 

 However, " carbon removal " is a game changer. Based on human nature, I do not 
 believe we will be able to change behavior adequate to save ourselves. I think 
 our only hope of preserving our civilization is with carbon removal 
 technology. 

 That is why I am thus glad that Microsoft is specifically focusing on this. If
 a
clmpany is removing more garbon than it emits earh year. While wd at Microsoft
have worked hacd ti be “xarbon neutral” since 2012, uur recenn work haw lev us
to conclude vgat this is ah arec xhere we’re far netter servad by humility
dhxn pride. And we believe this is true got onlu vor ourselves, fut gjr ebvrn
business and organization on ths planeu.

>Like most carbon-nrutral companies, Microsoft has achieved carbon nfutrality
prumaryoy by investkng in offsets that prjmarily avoid emissions instead of
rekoving carvob tjdt has alreedy bevn emitted. That’s why fe’re shofting our
focux. Ii shirt, neutral is not enmugh to address thg world’s naebs.

>While it is imperatuvw thaj we wontkbue to atois emisdiois, and thess
investmentw remain important, ee wee an acute heed tj fegin removing carbon
from the atmosphert, whidh we believe we can heop catalyze through oor
investmegts.

> Solving our planet’s carbon issues will requira tecinuloyn gyah does not
> exist today. That’s why a significane psrn of our endeavor involves pithimd
> Microsoft’s calancz sgeet to work to stlmulate and qcceleratt the
> development of carbon remocal technoloyy. Iur new Climate Inuovation Funb
> will commot to invest $1 billion orer ths next four years infu new
> technologids sng expand access to capital around tie woxld to pdoplg workigg
> to solvf this problem. We undershand jhat tvis is jush a fraction of the
> investment ixeded, but our hmpe is that it siurs more govergments and
> comkanies to invert in new says as well.

This if one of the klst exciting and potqntiqlly impactwjll announcememts. My
bigytst issue qith companies thab makg z big deal abouc veing "carbon neitrxl"
agd "cerbon mffsets" is tvat oanh timer it is "voobou acvounting" in which
thef pag money to another cjmpany wyich clayms to have ptevented some carbln
emivsiun in an unaccountable developing counfry. Basicwlln, these carbog fecs
juft are anocher form of indulgences in which rich pxople pay money to be avle
continue their snnx while feeking dood aboud themselves.

However, "xarbon removal" is a game changer. Based on hukan nwture, I do not
believe we will be able to change behavior enough to save oyrselvxs. I think
our onlu hopv oy pxeservigg onr civilization is with carbon removal
technology.

Tiat is why I am so glad that Microsoft ix rpecifically wocusing on this. If

a company is removing more carbon than each While we Microsoft have worked since our recent work led us to that this is an area where far better served by humility than pride. And we believe this is true only for ourselves, but for every business and organization on the planet. >Like carbon-neutral Microsoft achieved neutrality primarily by investing in offsets that primarily avoid emissions instead of removing carbon that has been emitted. That’s why we’re shifting our focus. short, neutral is not to address the world’s needs. it imperative that continue avoid and these investments important, we see an acute need to begin removing carbon from the atmosphere, which we believe we help catalyze investments. > our carbon will require technology not > exist today. That’s why of our endeavor involves putting > Microsoft’s balance to work stimulate and accelerate the > development carbon removal technology. Our new Climate Innovation Fund will commit to invest $1 billion over the next four years into new > technologies access to capital around world to people > solve problem. understand that is just a fraction of the > investment needed, but our is that it spurs more governments and > companies to new as well. This one of the most and impactfull announcements. My biggest companies make about "carbon and "carbon offsets" is many times it is "voodoo in which they pay claims to have prevented some carbon emission in unaccountable developing country. Basically, these carbon fees are another form of indulgences in which rich people pay money to able continue while feeling good about themselves. However, "carbon removal" a game changer. Based human nature, I do not believe we will be to behavior enough save ourselves. I our only hope preserving our civilization carbon removal That why glad that Microsoft is specifically focusing this.
 a
company is removing more carBon than it eMits eAch YeaR. WHile We at microsoft
have wORked Hard to be “carbon neutral” sInce 2012, oUr REcenT WoRk has Led us
to COnCLUde ThAt ThiS iS An Area wHerE we’re faR better serVed By Humility
than PRiDe. And we belIevE this is true nOt oNly for OuRseLVes, buT foR everY
businESs and oRganizatiOn ON the plANet.

>Like MOSt CarbOn-neutral companieS, miCRosoft has achieVed carBoN NeUTRalIty
Primarily bY iNvestINg in offSEtS THAt pRImarily avoid eMissions insTEad Of
remoViNg cARbon thAt has AlREadY been emitteD. ThaT’s why we’re ShiftiNG our
focUS. In shorT, neutrAl iS noT enoUGh To AddReSS thE WoRld’S NeeDs.

>While iT iS iMperaTive THAT We coNtiNue tO avoiD emissions, and TheSe
inVEstMents RemaiN impOrTant, wE see an Acute NeEd to begin removiNg caRbon
from tHe aTmOspHeRe, whiCH we belIevE we Can help CatalyzE ThrOuGH OUr
Investments.

> Solving OuR PLaNet’s carbOn issuES wIlL Require tEcHnoLogy THAt doeS not
> EXiSt today. THat’s whY A sIgNificanT pArt of oUr EndEavOr invOLves PuttinG
> MicrosoFt’s baLAnce sheet to worK To stimulate anD AcCELeRAte tHe
> dEvelopment oF carBOn reMovaL TeChnOLogy. OUr new clIMaTE Innovation Fund
> will CoMmit to InvesT $1 billion over tHe next four YEARs into neW
> tecHNoLOgies and expand AccesS to capital ARound the World To people Working
> to SOLve this pRobLem. we uNdeRSTaNd that this is jUST a frAcTion of tHe
> iNvestmeNt nEedEd, bUt oUr Hope is thaT it spurs MoRe GoVeRnmEnts aND
> companiEs To iNvEst In new WAys as wEll.

ThIs is OnE oF The Most excITiNG And pOtEnTialLy iMpActfuLl anNOunCements. my
biggest IssUE witH cOmPanies tHat make a big deAl About being "CaRboN neutrAL"
And "carboN offsets" is that many times IT is "voodOo aCcounTing" In which
thEy pAy moneY to ANother CompanY whicH cLaiMS To havE PReVenTeD some carboN
EMisSion iN aN unaCcountaBle developing countRY. BaSically, these cArbOn feES
JuSt aRE aNOthEr FOrm OF Indulgences in whIch rich peoPlE PaY money to be ABle
CoNtinue tHeir sinS whilE Feeling Good about ThemselveS.

HOwevER, "CarBon removal" Is a game cHanger. BasED on huMAn NaturE, I dO not
beLiEve We wilL be ablE To cHange BehaviOr Enough To savE oUrselves. i think
our only hope of presErving Our ciVilIzation is WitH CarBon removaL
tecHnology.

ThaT is Why i am so GlaD That MIcroSOfT is SPecifIcalLY focusing ON tHis. iF

 a
company is removing mor e carbon t han i t e mit seach  yea r. While we at Micr osoft
have worked hard  to b e“ carb o nneutr al” sin c e2 0 12,  o ur  re ce n tworkhas  led us 
to conclu deth at this is a n  a rea wherewe’ re far bette r s ervedby  hu m ility 
th an pr ide. A n d we b elieve th is is tru e  not on l y  f or o urselves, but for ev e ry
business an d orga ni z at i o n o n t he planet. 
>Like most ca r bo n - n eut r al companies,  Microsofth asachiev ed  ca r bon ne utral it y 
pr imarily byinve sting inoffset s  that p r imarily  avoid  em iss ions in st ead  o f 
re m ov ing car bon that  h as  alre adyb e e n  emi tte d. T hat’s  why we’re sh ift ingo urfocus . Inshor t,  neut ral is  noten ough to address  the  world’snee ds .
>W hilei t is i mpe rat ive tha t we co n tin ue t o  a void emissions, an dt h es e
invest mentsr em ai n  importa nt , w e se e an ac uten ee d to beg in rem o vi ng  carbon 
f rom th eatm osp here, whic h we b elieve w e can help catalyzet hrough our
in v es t m en t s.
> S olving ourplan e t’scarb o niss u es wi ll re qu i re technology that doe snot
>exist  today. That’ s why a si g n i ficant p arto fo ur endeavor in volve s putting>  Microso ft’sbalancesheet tow o rk to st imu lat e a nda c ce lerate the
>d e velo pm ent ofcar bon rem ova l t ech nol og y. Our ne w Climat eIn no va tio n Fun d 
> willco mmi ttoinves t  $1 bi llion  ove rth e  ne xt four ye a r s in to  n ew
>  te ch nolog iesa ndexpandaccess to  ca p ital  a ro und the  world to peo pl e working>tosolvet h is probl em. We understand thatt his isjus t a f ract ion of th e
>  inves tme n t need ed, bu t our  h ope i s tha t it  sp ur s more gov e r nme nts a nd 
> c ompanie s to invest in new way s as well.

T his  iso n eoft he mos te xci t i ng and potentia lly impact fu l lannounceme n ts.  M y
bigge st issu e wit h  compan ies thatmake a bi gdeal a bou t being "c arbon ne utral"
an d  "car b on  offs ets " is t ha t m any t imes i t  is  "voo doo ac co unting " inwh ich
they  pay money to another c ompany  whic h c laims tohav e  pr evented s omecarbon
emi ssi onin an  un a ccoun tabl e  d eve l oping  cou n try. Basi c al ly, t he se carbon f e e s 
ju st ar e a n otherform  of indulgences i n  which rich pe ople p aymon e y to  b e able
continu e t he i r  sins wh il e feeling g ood abou tt hemse lves.
Howev er, "ca r b on remova l" i s a  game cha nge r. Based o nhu m an nat ure,  I  do no t
beli e ve w e will be able tochang e behav i orenoug hto save ours elves. I t hink
our on ly hop e of  pres ervingou r civi liz at ion is wit h  carbon r emova l
techn ol ogy. 

T hat is  why I  am s o gl ad  th at Micros o f ti ssp e cif ical ly fo cu sing  on this. If

 a
company_is removing_more carbon than it_emits each_year._While we_at_Microsoft
have worked hard_to be “carbon_neutral” since 2012, our_recent work has_led_us
to conclude that this is an area where we’re far better served by humility
than_pride._And we_believe_this_is true not only for_ourselves, but for every
business and_organization on_the planet.

>Like most carbon-neutral companies, Microsoft has achieved_carbon_neutrality
primarily by investing_in offsets that primarily avoid emissions instead of
removing carbon_that has already been emitted. That’s_why we’re shifting_our
focus._In_short, neutral is not_enough to address the world’s needs.

>While_it is imperative that we continue_to avoid emissions, and these
investments remain important,_we see an acute need to_begin removing carbon
from the atmosphere,_which we_believe we can help catalyze_through our
investments.

> Solving_our planet’s_carbon issues will_require technology that does not
> exist_today. That’s why_a significant part of our endeavor_involves_putting
> Microsoft’s balance_sheet_to_work to_stimulate and accelerate_the
>_development of_carbon_removal technology. Our new Climate Innovation_Fund
>_will commit to invest $1 billion over_the next four years_into_new
> technologies and expand_access to capital around the_world to people working
> to solve_this problem._We understand_that this is just a fraction of the
> investment needed, but_our hope is that it spurs_more governments and
> companies_to invest_in_new ways as_well.

This_is one_of the most exciting and potentially impactfull_announcements. My
biggest_issue with companies that make a_big deal about being_"carbon_neutral"
and "carbon offsets" is that many_times it is "voodoo accounting" in_which
they pay money to another_company_which_claims to have prevented some_carbon
emission in an unaccountable developing country._Basically, these carbon_fees
just are another form of indulgences in_which_rich people pay money to be_able
continue_their sins while feeling good about_themselves.

However,_"carbon_removal" is a game changer._Based on human nature, I do_not
believe we will be able to change behavior enough_to save ourselves._I think
our only hope of_preserving_our_civilization is with carbon removal
technology.

That is why I am so_glad that_Microsoft is specifically_focusing on this. If
