How much total funding has the coalition raised?

With the latest $915 million increase, total commitments exceed $1.7 billion.

Which companies are part of the coalition?

Members include Alphabet (GOOGL), Salesforce (CRM), Meta, Microsoft, and newly joined Anthropic.

Big Tech-Backed Carbon Removal Coalition Raises $915M, Adds Anthropic

The Frontier coalition, backed by Big Tech companies including Alphabet and Salesforce, has raised an additional $915 million for carbon removal, with Anthropic joining as a new member.

June 18, 2026

2 min read

Source: Reuters

Key Numbers

additional funding

$915 million

total commitment

$1.7 billion (estimated)

The Frontier coalition, a collaborative initiative by major technology companies to fund carbon removal technologies, has secured an additional $915 million in funding, as reported by Reuters on June 17, 2026. Anthropic, an artificial intelligence company, has joined the coalition as a new member, further strengthening private sector efforts to combat climate change.

Funding Details

The $915 million increase comes from existing coalition members, including Alphabet (GOOGL) and Salesforce (CRM), as well as contributions from new members like Anthropic. Individual company contributions were not disclosed. The funding aims to accelerate the development of carbon capture and storage (CCS) technologies and direct air capture.

Context

Frontier was launched in 2022 by Alphabet, Meta, Microsoft, and Salesforce, with initial commitments of $925 million to purchase carbon removal services. With this new injection, total commitments exceed $1.7 billion. The move comes as tech giants ramp up investments in climate solutions to meet net-zero targets.

What This Means for Investors

The expansion signals growing corporate commitment to funding climate technologies, potentially creating investment opportunities in the clean tech sector. However, carbon removal technologies remain nascent and face challenges in cost and scalability.

Frequently Asked Questions

Frontier is a collaborative initiative by major tech companies to fund carbon removal technologies, launched in 2022 with Alphabet, Meta, Microsoft, and Salesforce.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.