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Thiscompanysaysitstechnologycanhelpsavetheworld.It’snowcutting20%ofitsstaffasTrumpslashesclimatefundingтрипсканTwohugeplantsinIcelandoperatelikegiantvacuumcleaners,suckinginairandstrippingoutplanet-heatingcarbonpollution.Thismuch-hypedclimatetechnologyiscalleddirectaircapture,andthecompanybehindtheseplants,Switzerland-basedClimeworks,isperhapsitsmosthigh-profileproponent.Butayearafteropeningahugenewfacility,Climeworksisstrainingagainststrongheadwinds.Thecompanyannouncedthismonthitwouldlayoffaround20%ofitsworkforce,blamingeconomicuncertaintiesandshiftingclimatepolicypriorities.https://trip-scan.toptripskan“We’vealwaysknownthisjourneywouldbedemanding.Today,wefindourselvesnavigatingachallengingtime,”Climeworks’CEOsChristophGebaldandJanWurzbachersaidinastatement.ThisisparticularlytrueofitsUSambitions.AnewdirectaircaptureplantplannedforLouisiana,whichreceived$50millioninfundingfromtheBidenadministration,hangsinthebalanceasPresidentDonaldTrumpslashesclimatefunding.Climeworksalsofacesmountingcriticismforoperatingatonlyafractionofitsmaximumcapacity,andforfailingtoremovemoreclimatepollutionthanitemits.Thecompanysaystheseareteethingpainsinherentinsettingupanewindustryfromscratchandthatithasenteredanewphaseofglobalscaleup.“Theoveralltrajectorywillbepositiveaswecontinuetodefinethetechnology,”saidaClimeworksspokesperson.Forcritics,however,theseheadwindsareevidencedirectaircaptureisanexpensive,shinydistractionfromeffectiveclimateaction. |