1) In September, ClimeWorks launched the world's largest direct air capture plant in Iceland called Orca, which uses geothermal power to remove CO2 from the air and store it permanently underground. 2) Operating these plants in Iceland provides access to sustainable geothermal power, and the new plant under development could offset emissions equivalent to 40 million trees. Reaching net zero carbon will require massive investments in these solutions. 3) The managers of the Strategy Shares Halt Climate Change ETF recognized this opportunity and have contracted with ClimeWorks to remove CO2 from the atmosphere on their behalf, believing that investing in climate solutions can achieve strong financial returns while helping the planet.

1. BreakthroughThat CouldReverseClimate
Changewith ScalingInvestments
This past September ClimeWorks launched the world’s largest “carbon
sucking” plant known as Orca designed to reverse global warming. It
utilizes geothermal power from the Hengell volcano in Iceland to propel
giant fans that suck air out of the atmosphere and pass it through a
filter. The filter is then released of the CO2 that is subsequently
converted into a carbonate and buried permanently beneath the rock
layer. It is estimated that this plant prototype is capable of removing
CO2 from the atmosphere that is the equivalent of 870 cars.
The beauty of operating these energy intensive direct air capture plants
in Iceland is that there is virtually unlimited sustainable geothermal
power in the country due to the volcanic landscape. It is estimated that
the new full scale direct air capture plant that is currently under
development could do the work equivalent to 40 million trees. In order
to bring the planet to NetZero carbon emissions it is estimated that the
scale of the investment necessary will be of a magnitude well into the
trillions. Naturally the mammoth scale of the problem for governments
will create a significant opportunity for investors putting their capital

2. into the solutions. The last transformation of the economy at this scale
resulted in the development of the internet giants.
When David Miller and Rob Gough portfolio managers of the new
Strategy Shares Halt Climate Change ETF (Nasdaq NZRO) heard of the
Orca launch they recognized the opportunity to be a part of the solution
to financing the end of global warming. Unlike many “green ETF” issuers
Strategy Shares has made a commitment to actually invest their own
money in reversing climate change by contracting with ClimeWorks to
remove CO2 from the atmosphere on their behalf.
Traditionally equity investors have bought into the concept that
environmental investing mandates come with a significant cost relative
to performance. However, David and Rob are well aware that the

3. opposite has been true. If you had instead eliminated the worst
polluters including oil companies, airlines, automakers, and coal power
plants from the S&P 500 over the past decade you would have achieved
superior results. Divesting from these fossil fuel companies in the S&P
and investing in their green counterparts would have been a win for
both investors and the planet.
In fact, the biggest winners historically have been those that capitalized
on technological innovation to create solutions that delight customers in
a way that is both ecologically and financially sustainable. There is
certainly no question that Elon Musk has proven that Tesla can blow
away internal combustion cars on a 0–60 and create the best
performing automaker in the world. Google has been on a tear with
24% annualized growth over the past decade while running on
exclusively renewable power the past 4 years. Enphase Energy has been
almost a 50x for investors since their IPO while bringing the down the
cost of solar power to homeowners by over 82%.
Mainstream media and the movies have spread the perception that it is
all doom and gloom with an inevitable crash course leading to climate
disaster. However, David counters that we have the technology today
already in place to bring climate change to an end if we all join forces to
invest in scaling the solutions that already exist.
Sceptics argue that we can’t do anything about climate change because
countries like India, China, and Russia will continue to build more coal
power plants. While it is certainly true that developing countries

4. continue to add more coal to the mix, that doesn’t mean that those new
plants will inevitably be a problem if we scale technological solutions.
The Boundary Dam Power Station in Saskatchewan Canada has already
begun scaling a process that is known as carbon capture and
sequestration or CCS. SaskPower the owner of the plant installed a CCS
attachment designed to capture carbon dioxide emissions right from the
source, thereby preventing them from entering the atmosphere. This
new CCS attachment to the coal plant that has existed since 1959 is now
capable of capturing up to a million tons of CO2 annually.
The duo leading the Strategy Shares Halt Climate Change ETF (Nasdaq
NZRO) are convinced that solving for climate change can be both a great
investment and the right thing to do. It is exciting to move past the fear
surrounding climate change and move on to the solutions.