Sucking Carbon From Air, Swiss Firm Wins New Funds for Climate Fix
A small Swiss company won $31 million in new investment on Tuesday to suck carbon dioxide from thin air as part of a fledgling, costly technology that may gain wider acceptance from governments in 2018 as a way to slow climate change. Climeworks AG, which uses high-tech filters and fans to extract carbon dioxide from the atmosphere at a cost of about $600 a ton, raised the money from investors including Zurich Cantonal Bank. "It's all about cost reductions," Jan Wurzbacher, a co-founder and co-CEO of Climeworks, told Reuters of how the company would use the funds. Extracting vast amounts of carbon dioxide from the atmosphere could help to limit global warming, blamed for causing more heatwaves, wildfires, floods and rising sea levels. The company says it has a long-term…