News Summary

Federal Energy Minister Tim Hodgson announced significant funding for clean tech projects ahead of the G7 ministerial meetings in Toronto. The funding includes $11 million for carbon capture projects in Quebec and Newfoundland and Labrador, and a $5 million grant to a battery materials company to scale up production in Quebec and British Columbia. Additionally, Vancouver-based industrial mineralization company Arca signed a deal with Microsoft to remove 300,000 tonnes of carbon dioxide over the next decade, supported by NorthX Climate Tech’s investment of $3.4 million in four Canadian carbon removal ventures.