Carbon Sequestration

CO₂ is a crucial resource for society and a building block of life itself. From nature to industry, numerous ecosystems rely on CO₂ to function. However, the world faces the urgent need of permanently removing billions of tons of CO₂ from the atmosphere. How we source, manage, and dispose of carbon determines whether it contributes to the climate problem or helps solve it.

Prime Minister Mark Carney, sworn in on March 14, 2025, entered office promising to swap “sticks” for “carrots” in federal climate policy. Since then, his government has scrapped two high-profile taxes and introduced a package of new incentives. If these are passed in this fall’s Budget 2025, Canada could take a global lead in carbon dioxide removal (CDR) policy.

The conversation around Direct Air Capture (DAC) and its role in addressing climate change is active and important. Like any evolving technology, DAC faces questions and scrutiny, which we see as vital for continuous improvement across the industry. We believe it's a good moment to share our perspective on some key topics and reaffirm our commitment to developing robust and effective DAC solutions.