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Calgary-based carbon capture company is receiving $200 million from the
federal government, coupled with a carbon credit agreement that intends
to de-risk investment in carbon capture.
Climate policy organizations hope the deal lays the groundwork for a standard contract that would help increase the speed at which decarbonization projects are undertaken in Canada — and help it compete with the United States for low-carbon capital.
The Canada Growth Fund and Alberta oil and gas company Advantage Energy Ltd. announced the deal Wednesday morning. The funds will be invested in Entropy Inc., a subsidiary of Advantage. ---More...
