Canadian government is funding “sustainable” carbon capture projects because they’re financially unviable

Justin Trudeau’s government has committed to an unprecedented agreement with a Calgary carbon capture company to make decarbonisation technologies financially viable.

Through such agreements, the federal government is giving financial assistance to open doors for private-sector companies to innovate new decarbonisation projects by buying future carbon credits primarily from companies with projects such as carbon capture. The funding is, however, aimed at “sustainable technology” projects; activities across Canada that reduce greenhouse gas emissions or remove them from the atmosphere. ---More...

News from around the world