Deep Sky entity now sequesters atmospheric carbon dioxide within its underground repositories for the first time.
In a groundbreaking development, Montreal-based company Deep Sky has achieved a first in North America by storing carbon dioxide (CO2) captured from the atmosphere in Earth's rock formations. This milestone was made possible at Deep Sky's carbon capture facility in Innisfail, Alberta.
Founded in 2022, Deep Sky aims to combat climate change by removing billions of tonnes of CO2 from the atmosphere. The carbon dioxide was captured using technology developed at the University of Sherbrooke and commercialized by the startup Skyrenu. The breakthrough was a significant step towards a carbon-neutral economy, as stated by the Intergovernmental Panel on Climate Change (IPCC).
Deep Sky's investors include Investissement Québec and Bill Gates. The company plans to launch large-scale carbon capture projects in Quebec, specifically in Thetford Mines and Becancour. Up to 14 different technologies can be tested at Innisfail, including Skyrenu's.
In 2024, Deep Sky chose Alberta for its first commercial site due to the region's expertise in fossil fuels. The Alberta site, named "Alpha," began operations this summer and is powered by solar energy. It is expected to capture several thousand tonnes of CO2 per year.
However, the burgeoning carbon capture and sequestration industry is controversial. Critics argue it is a costly and energy-intensive distraction that slows the massive task of reducing greenhouse gas emissions. Chemical substances are necessary to capture CO2 from the atmosphere before it can be stored or reacted, which some argue increases carbon emissions.
Despite these concerns, Deep Sky's efforts are supported by the Canadian government. However, as of now, there is no regulatory framework for geological carbon sequestration in Quebec, hindering promoters from accessing a generous tax credit offered by Ottawa.
In other news, Boeing continues its investments in Canada and Quebec, aiming to create high-value jobs and stimulate economic growth. Meanwhile, the purchase of Innergex, a renewable energy specialist, was quick due to the risk of it being bought by American interests. However, the minister who described the purchase as necessary to counter American interests is not named in the provided search results.
The SAAQ transmitted details to the office of the then Minister of Transport with the note "for your use only." The Bonnardel firm had information on SAAQclic that was hidden from MPs, but further details on this matter are not available at this time.
As Deep Sky continues to make strides in carbon capture technology, it remains to be seen how the industry will evolve and what impact it will have on the fight against climate change.
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