News From Trenton · April 14, 2026
This carbon-removal deal doubles as wildfire prevention
Credit: Illustration: Sarah Grillo/Axios
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 companyfounded 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 faced setbacks as President Trump rolls back supportive policies.
From NJ SEED: News From Trenton - April 14, 2026.