#CarbonCapture 🇨🇦 #ClimateChange
https://www.nationalobserver.com/2023/12/20/news/feds-backstop-carbon-price-first-its-kind-deal
The federal Liberal government announced Wednesday that it has signed a deal with Entropy Inc., a privately owned company that has developed a unique modular carbon capture, utilization and storage technology.
The agreement will see the federal Canada Growth Fund — which is making a $200 million direct investment in Entropy — also provide the company with a large-scale, long-term fixed-price carbon credit offtake framework.
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@NorthernInvader It's stupid to convert carbon capture into carbon offsets. The point is to lower CO2 emissions, and carbon offsets let the wealthy pollute as much as they want.