Billionaires back Canadian company to build first ‘negative emissions’ plant

CALGARY – Privately held, billionaire-backed Carbon Engineering Ltd. has raised enough money to design its first “negative emissions” facility to suck carbon out of the atmosphere.

“A financial investor invests because they like your business plan. We were able to bring some pretty big Silicon Valley venture capital to us,” Carbon Engineering president and CEO Steve Oldham said. While Carbon Engineering is still small and relatively unknown, it has attracted big-name shareholders, including Bill Gates and Canadian Natural Resources Ltd. founder Murray Edwards.

Oldham wouldn’t say whether Carbon Engineering’s industrial investors are looking to deploy the technology at their own operations, just that industrial emitters could use its system to offset their carbon at a price under US$100 per tonne. If the two technologies are used together, the company believes it can create a “closed loop” of carbon emissions, where the carbon that is emitted from the “air to fuels” process is the same carbon that had already been collected.

Oh good! Just bought a brand new truck

Over-engineered 'solution' for a 'problem' that solves itself

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

New Mexican ambassador offers warning to Canadian companies in MexicoAccording to Ambassador Juan Jose Gomez Camacho, Mexico expects Canadian mining companies to operate with ‘exactly the same standards’ as they do in Canada I suspect we'll soon be reading a headline with cafreeland condemning the government of Mexico and installing another Guaido. im ok with that, our country should be accountable and respectful Mexico fucking us over again, like they did in the new NAFTA negotiations. If only we had a leader who fought for Canadians...
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »