November 28, 2024 Squamish, British Columbia Natural Resources Canada
Carbon management technologies and alternative clean fuel sources will play an important role in the decarbonization and competitiveness of Canada's economy. Recognizing the urgency of climate action, the Government of Canada is working to strengthen the country's advantages in these areas.
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced $5 million in funding for Squamish-based Carbon Engineering ULC under the Energy Innovation Program to support the development of new, alternative energy solutions for powering direct air capture (DAC) systems, which pull carbon dioxide (CO2) from the air. The project also aims to explore further electrification of the DAC process, which can address CO2 emissions from anywhere by decoupling the source of the emissions from the point of capture, providing an important tool to support a low-carbon future.
Once successfully developed, these technologies are expected to offer environmental benefits through reducing the DAC facility's land footprint and further improving the existing resource efficiency of current DAC processes while strengthening Canada's leadership in carbon management technologies.
Minister Wilkinson also announced an additional $7.5 million for five projects to accelerate the development of clean technologies that can significantly mitigate emissions from industrial activities in British Columbia, including:
- $2.5 million to British Columbia Biocarbon Ltd.
- $1.8 million to Arca Climate Technologies Inc.
- $1.5 million to the University of British Columbia
- $980,500 to Parkland Refining (BC) Ltd.
- $710,000 to Highbury Energy Inc.
Through the work of the Regional Energy and Resource Tables, a carbon management profile for British Columbia was provided, detailing the province's carbon management leadership, opportunities and regulatory framework.
