Americas > Canada announces first carbon credit offtake agreement, invests C$200 mln into CCS tech

Canada announces first carbon credit offtake agreement, invests C$200 mln into CCS tech

Published 20:59 on December 20, 2023  /  Last updated at 17:30 on February 22, 2024  / /  Americas, Canada

Canada’s C$15 billion ($11.2 bln) public investment vehicle will purchase up to one million carbon credits per annum over 15 years at fixed prices, coupled with a $200 mln investment into an Alberta-based carbon capture and sequestration (CCS) tech firm, the pair announced Wednesday.
Canada’s C$15 billion ($11.2 bln) public investment vehicle will purchase up to one million carbon credits per annum over 15 years at fixed prices, coupled with a $200 mln investment into an Alberta-based carbon capture and sequestration (CCS) tech firm, the pair announced Wednesday.


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