Canada’s Deep Sky has become the first North American company to deliver verified carbon removal credits from direct air capture technology. The company announced on Monday that it provided credits to Microsoft and Royal Bank of Canada.
What is Direct Air Capture?
Direct air capture (DAC) differs from the more established carbon capture and storage technology, which filters out CO2 at industrial plants and stores it before it reaches the atmosphere. DAC removes carbon from the air, cleaning up emissions that have already occurred.
Deep Sky’s Alberta pilot facility, which began operations last summer, is designed to allow multiple DAC companies to deploy and fine-tune their technologies. The facility is expected to capture 3,000 metric tons of CO2 annually.
The credits, verified by London-based climate tech certification company Isometric, are the result of Deep Sky’s first injection in May of 14 tons of carbon underground. Regular injections continue, and Microsoft and RBC will receive credits quarterly.
Deep Sky also has carbon credit deals with TD Bank, Lufthansa, and France’s Engie. The companies have not disclosed financial terms.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
