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The Times Tech Podcast

Deep Sky's Fred Lalonde: "We need to bury every ton of CO2 emitted since the Industrial Revolution"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 28 July 2023

⏱️ 74 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Frederic Lalonde, founder of Deep Sky, to talk about why it is already too late to address climate change (3:10), terraforming earth (14:00), the terrifying math of exponential systems (19:45), the breakdown in insurance models (23:05), what Deep Sky is doing (27:00), starting companies before Deep Sky (33:35), draught and famine (37:50), the waking up of capital markets to the climate crisis (42:00), sea level rise (47:00), why he is an optimist (51:20), how he talks to his kids (1:01:20), raising 470m (1:07:15),

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Transcript

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0:00.0

Yo!

0:01.0

Technology.

0:02.0

What is it all about?

0:04.0

But you have to understand that when the scientists published something that we skim over between two pictures of cats on Facebook that say, the models now predict that Greenland is melting, you just do the math on the eyes.

0:16.0

It may not be in our lifetimes, but we can't stop it. We cannot reverse this.

0:22.6

It's already happened.

0:37.2

Hello and welcome to Danny in the Valley, your weekly dispatch from behind the scenes and inside the minds of the top.

0:42.5

People in tech this week, we have a very special one for you.

0:46.3

Frederick Lalonde is on the program.

0:49.4

Now, Frederick is the co-founder and CEO of a company called Hopper.

0:53.1

They are a $10 billion online travel company.

0:57.0

Lalonde is Canadian.

0:58.7

He's a billionaire.

1:00.7

And his next thing, he wants to save the planet from climate catastrophe.

1:05.9

So he has founded a new company called Deep Sky.

1:10.3

And the vision is very big, which is to remove every

1:13.8

ton of CO2 that we have emitted into the atmosphere since we got going on this whole

1:18.8

industrial revolution thing back in the 1700s. So he's close to closing on his first

1:25.1

$70 million seed round, quite a large seed round, for what he's doing

1:29.5

at Deep Sky, which he calls basically an oil company in reverse. So instead of doing up fossil fuels,

1:34.6

he's using energy to pump all that CO2 back underground. That's the idea. And this is interesting

1:41.1

for a couple of reasons. A lot of people in climate tech are working on greening industries like energy or transport, what have you.

...

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