Stripe Climate definition
Examples of Stripe Climate in a sentence
You should consult with your tax or legal adviser on the local tax treatment of allocated Stripe Climate Funds.
Stripe Climate Funds exclude all Taxes, except as the Documentation states to the contrary.
Stripe will use reasonable efforts to fund impactful Climate Projects and suggest to you how much to voluntarily allocate to Stripe Climate.
While all Stripe Climate Funds will be used to advance the carbon removal field, the development timelines of many new technologies are long, the resulting impact may not be immediate, and there is always a risk of non-delivery (and non-recovery of paid funds) by the companies from which Stripe purchases carbon removal.
The Stripe Climate Funds you allocate may not be eligible for a tax deduction.
These terms (“Stripe Climate Terms”) supplement the General Terms and govern your use of Stripe Climate.
If Stripe is required to withhold any Taxes as Section 4.4 of the General ▇▇▇▇▇ describes, it may deduct those Taxes from the Stripe Climate Funds.
Stripe may choose not to use your Stripe Climate Funds immediately after deducting them from your Stripe Account; rather, Stripe may allocate them after Stripe identifies a Climate Project.
Stripe will allocate all Stripe Climate Funds to advance the carbon removal field, through activities such as purchasing metric tons of carbon removal or funding research and development for new carbon removal technologies.
However, you must decide whether to voluntarily allocate funds to Stripe Climate, and in what amount.