Why investors are souring on this once red-hot climate tech

As political winds shift in the US and big corporations pull back on their climate ambition, investors, too, are giving the cold shoulder to a nascent technology that will be vital to tackling climate change.US-based startups developing direct air capture (DAC) — machines that suck planet-warming carbon dioxide straight out of the air — received about $58 million from venture capitalists in the first three months of 2025, a more than 60% decline from a year ago, according to market research firm Pitchbook. The dip stands in contrast to the…