CO2 Management > CCUS > 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 (Compliance Markets & Taxes, US & Canada), CO2 Management (CCUS)

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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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