The Financial Post reports in its Thursday edition that ocean carbon removal start-up Running Tide has delivered its first-ever carbon removal credits to inaugural buyer Shopify, the firms announced Wednesday. A Bloomberg dispatch to the Post reports that Running Tide sank more than 1,000 tons of limestone-coated wood waste to the ocean floor about 100 miles south of Iceland. That wood would have otherwise been burned, releasing carbon dioxide into the atmosphere. Instead, the start-up says the CO2 contained in this material will be safely stored on the ocean floor for 800 to 10,000 years, depending on a variety of factors. The process removed 275 net tons of carbon dioxide equivalent after accounting for project-related emissions, with 100 tons going to Shopify, according to a company statement. Shopify has not yet determined when and to what activities it will count the resulting carbon credits against, but Stacy Kauk, the company's head of sustainability, said it will likely decide at the end of the year. The amount of carbon removed in this project is relatively small compared with Shopify's gross operational emissions, which were over 30,000 tons in 2022, according to the company's 2022 Climate Report.