By David Gelles, The New York Times

Microsoft has been the biggest supporter of the much-hyped market for carbon removal technologies, which are designed to remove a key planet-warming gas from the atmosphere.

But now, the tech giant is stepping back from an industry it almost single-handedly was propping up. With the company now telling some partners that it is pausing future purchase commitments for carbon removal credits, the outlook for the hundreds of companies looking to sell those credits is grim.

In an article I just published, I take a close look at Microsoft’s retreat and what it means for an industry that, its proponents say, is destined to play an important role in beating back global warming.

In the short term, there’s little to celebrate.

Click here to read the full article