CEO Update on Adapting for Long-Term Impact

There is a mass dismissal at the start-up because Donald Trump's government is unlikely to receive funding. A new study also raises doubts about the prospects of technology.

CEO update on adapting for long-term impact

Climeworks is proactively adapting its business plan to stay future-oriented.

Climeworks, the spin-off of ETH Zurich, has attracted powerful investors with its gigantic "CO2 vacuum cleaners". Today, serious problems arise and layoffs are expected.

Zuger flagship group, who wants to save Switzerland from the EU, invested Big time in CO2 vacuum cleaner cracks. They turn out to be dream dancers. Climeworks was considered the absolute flagship spinoff of ETH. Now it could become the biggest climate break of the younger age. The company is highly praised for mass redundancies. Its huge vacuum cleaner on Iceland, which sucks carbon dioxide from the air and [...]

The ETH spin-off climateworks must reduce jobs, although 810 million US dollars have been invested. This is due to problems in the US and Iceland.