AXIOS (Amy Harder) - Exclusive: JPMorgan strikes carbon removal deal that doubles as wildfire prevention
JPMorganChase has inked a deal with a startup to remove carbon from the air — a step that could also prevent wildfires, Axios has learned. Why it matters: The purchase signals that the carbon removal industry is pushing ahead despite policy setbacks — and highlights how near-term benefits can help drive deals. Driving the news: Graphyte, a carbon removal company founded in 2023, will supply 60,000 tons of removal credits over 10 years from an existing Arkansas project and a planned facility in Arizona enabled by the deal. - Financial terms weren't disclosed. The big picture: Carbon removal — which pulls CO₂ from the atmosphere — is seen as critical to meeting climate goals. - But the market is still in its early stages and has…