Varcoe: Alberta shoots for moon with no-brainer $30B pitch to Ottawa for carbon capture calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.
The company, Canada s Carbon Engineering, counts Bill Gates and oilsands investor Murray Edwards among its backers
Author of the article: Gabriel Friedman
Publishing date: Mar 09, 2021  â¢Â March 9, 2021  â¢Â 4 minute read  â¢Â Canadian e-commerce company Shopify Inc. is one of the first corporations to utilize large-scale carbon removal technology as part of its effort to limit climate change. Photo by David Kawai/Bloomberg
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Canadian e-commerce company Shopify Inc. announced Tuesday it will pay to remove 10,000 tonnes of carbon dioxide from the atmosphere, marking one of the first corporations to utilize large-scale carbon removal technology as part of its effort to limit climate change.
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Canadian e-commerce company Shopify Inc. announced Tuesday it will pay to remove 10,000 tonnes of carbon dioxide from the atmosphere, marking one of the first corporations to utilize large-scale carbon removal technology as part of its effort to limit climate change.
Under the deal, Shopify will pay an undisclosed amount to Squamish, B.C.-based Carbon Engineering Ltd to remove carbon dioxide from the atmosphere. Carbon Engineering will achieve this through its U.S. partner 1PointFive, which is building a plant in Texas capable of removing 500,000 tonnes of carbon dioxide per year once its completed by 2024.
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