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The Charm Underground - November 2024

27 Nov 2024 | Peter Reinhardt

4 MINUTES READ

The Charm Underground - November 2024

The Charm Underground is a monthly series sharing our progress & learnings as we scale carbon removal to gigatonne scale. If you’d like to get The Charm Underground  in your inbox, subscribe below. 

Happy Thanksgiving-eve! We’ve been cooking up some bio-oil and fun updates this holiday season. We’re grateful for your support and trust as we scale up carbon removal. 

From our fam to yours, wishing you a Thanksgiving filled with love, laughter, and gratitude.

🪵Wildfire Prevention with Altitude Forestry

Based on the Front Range of the Colorado Rockies, Tyler Matthews and his family run Altitude Forestry, a small business with a big mission, working tirelessly to protect the local community from the devastating effects of wildfires. Altitude Forestry focuses on forest thinning & restoration, wildfire mitigation, and creating defensible spaces for rural homeowners.

Once Altitude’s work is done, contractors need a place to take excess woody biomass so it doesn’t fuel future fires. Unfortunately, there aren’t markets for most of this biomass, and it often burns instead – this is where Charm comes in to help solve the overabundance of woody biomass.

Watch the full video here to learn more how Altitude and Charm play a role in helping to address wildfire mitigation in the local Colorado community.

Charm Sequesters Another 75 Metric Tons of Bio-Oil

Meanwhile in Kansas … Charm is back in production! 

This past week, we delivered another 75 metric tons of carbon-rich, bio-oil deep underground where it will be permanently sequestered for thousands of years. Credits will be issued over the coming months after verification via our partnership with Isometric.

Pictured here: Charmer Colt injecting bio-oil underground.

👨‍💼Meet the Charmers Series – Introducing Tommy Leese! 

How does a former corporate accountant end up at a carbon removal startup? Get to know Charm’s powerhouse talent as we feature team member Tommy this month on “Meet the Charmers”.

Learn more about his journey into the carbon removal space and his favorite part about working at Charm!

💵 The Carbon Dioxide Removal Investment Act (45BB) 

Last week, we hit an exciting milestone with the introduction of the first bipartisan technology neutral tax credit for CDR. Introduced by U.S. Senators Michael Bennet (D-CO) and Lisa Murkowski (R-AK), the Carbon Dioxide Removal Investment Act creates a pathway for new economic development and investment by helping CDR technologies grow.

If passed, this bill would help Charm create jobs, plug orphan wells, and support wildfire prevention work by continuing to innovate and grow our operations. In Colorado alone, we’ve more than tripled our workforce in the last year, and we’re excited to continue that growth.

Learn more from Senator Bennet’s press release, The Carbon Removal Alliance’s fact sheet, and be sure to follow news from our residential policy expert, Nora Cohen Brown!

What Charmers Read This Month

  • Nature’s article on the over-reliance of land and nature-based solutions

  • Carbon Herald’s piece on the UK government’s plans for launching a cross-border carbon adjustment mechanism (CBAM) in January 2027

  • Nature’s article on the importance of durability for CO2 removal

  • Bloomberg’s piece on Microsoft and Royal Bank of Canada’s bet on new approach to carbon cleanup

  • WSJ’s COP29 piece on private sector as key to finding $2.4 trillion worth of green finance

  • WSJ’s COP29 piece on U.N. negotiators taking key steps to global carbon deal

  • CNBC’s piece on Range Energy’s race to electrify big rigs

  • Bloomberg’s piece on BlackRock and Block funding major sustainable aviation fuel deal

And that’s a wrap for November! Make sure to subscribe to get The Charm Underground in your inbox every month.

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Peter Reinhardt

CEO

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Subscribe to follow our journey to inject bio-oil into deep-geological formations, Charm permanently puts CO2 back underground.

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