Carbon engineering aims to build large-scale direct-air carbon capture plants. A recent report by CMC Research Institutes and Pembina Institute estimates the global carbon capture market could be worth $800 billion by 2030. Here are some of the Canadian clean-tech companies chasing that market. C...
The challenge now, he says, will be dealing with the “growing pains” that companies often go through when they become bigger and figure out how to match growth to their scale. But still, the future’s looking bright. With tech ventures in carbon capture, energy storage, hydrogen and more...
Chevron-backed carbon capture firm gets up to $100 million Chevron pushing Trans Mountain to alter specifications Oil companies, including CNRL, have largely been plowing their profits into shareholder returns rather than investing in exploration. Some analysts cautioned that the deal with Chevron ...
Canadian greenwashing bill passes A proponent of a major carbon capture and storage (CCS) project in Canada removed most information from its website this week after a federal bill targeting "greenwashing" successfully made its way through Parliament. The Pathways Alliance, a group of six oil sand...
“Quite a few of the largest companies, such as Microsoft, are pouring money into carbon removal, and it’s looking like they’re only going to increase their investments. So having partners that can communicate in a way that allows us to grow and remove more carbon is better for sharehold...
While Prime Minister Justin Trudeau’s government has already announced the creation of an investment tax credit for carbon capture projects, the IRA offers a much stronger incentive for companies in the form of a guaranteed US$85 price for each tonne of injected carbon. ...
“There is no shortage of carbon sources that we can leverage to produce this fuel, whether it is through direct air capture or biomass – such as wood waste, municipal waste or even agricultural waste. The infrastructure already exists...
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The difference it’s making:Earlier this year the Vancouver-based companyannouncedit was beginning work on its first carbon capture facility which, when completed in 2021, would be capable of capturing more than 1 million tonnes of CO2 every year. (In 2019, the worldemittedalmost 37 billion to...
The Government of Canada's announcement on April 19, 2021 of its 2021 budget recognized the important role of carbon capture, utilization and storage projects for the oil sands sector to continue contributing to Canada's economic growth while working towards climate objectives. As a leader in Car...