Steelman · slot C
The displaced-priority case
A veteran climate policy hand would argue —Read the room. Microsoft — the buyer that single-handedly underwrote much of this industry — has paused new purchases, and months later no one has stepped in to fill the gap. Climate has fallen off the public agenda as AI and the Iran war dominate attention. Inside the hyperscalers, as Carbon Direct's Julio Friedmann puts it, the speed and money and difficulty of the AI race leave no oxygen for carbon management. Against that backdrop, one modest deal from a Japanese operator isn't the start of a wave; it's the exception that proves how thin the bench has gotten. The AI boom was supposed to bring deep-pocketed new buyers to climate solutions. So far it's done the opposite — it's crowded them out.