Carbon removal project developer Deep Sky announced that it has secured a USD $40 million grant commitment from Breakthrough Energy Catalyst, a climate solutions-focused initiative founded by Bill Gates, with proceeds aimed at supporting the construction of the company’s first Direct Air Capture Facility, Deep Sky Alpha. Founded in 2022, Montreal-based Deep Sky was established as a technology-agnostic carbon removal…
The Biden administration announced today the release of a new goal to reduce U.S. greenhouse gas emissions by 61% – 66% by 2035, on a 2005 basis. While the target comes only weeks before President-elect Donald Trump is set to take office, and is widely to expected to roll back key climate initiatives, Biden administration officials expressed confidence in the…
The Canadian Sustainability Standards Board (CSSB) announced the publication of its finalized Canadian Sustainability Disclosure Standards (CSDSs), largely aligned with the global standards released by the IFRS Foundation’s International Sustainability Standards Board (ISSB), but adding more time for companies to prepare for some key elements of reporting, such as on value chain GHG emissions, compared to the ISSB standards. The release…
HVAC and climate control solutions company Trane Technologies announced that it has signed a definitive agreement to acquire BrainBox AI, which has developed an artificial intelligence and cloud-based building systems optimization tool aimed at helping building owners to accelerate decarbonization and reduce energy consumption. Headquartered in Montreal, Canada, BrainBox AI utilizes artificial intelligence to predict building energy needs and automate…
IOSCO, the leading international policy forum and standards setter for securities regulators, announced the launch of the GEMC Network for Adoption or Other Use of ISSB Standards, a new network aimed at supporting the adoption and use of the IFRS Foundation’s sustainability reporting standards in emerging markets. The launch of the new network follows the release last year by the…
Carbon removal buyer coalition Frontier announced that it has facilitated $80 million in offtake agreements on behalf of buyers including Google, H&M, Stripe and Salesforce, among others, for the removal of nearly 300,000 tons of CO2 through technologies that integrate carbon removal into existing industrial processes. The offtake agreements were signed with CO280, a developer of Biomass Carbon Removal and…