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New coalition targets $100M for Canadian carbon removal projects by 2030
The coalition aims to boost investment by $100 million for Canadian carbon removal projects by 2030, supporting 78 companies and 48 planned or active initiatives, Carbon Removal Canada said.
- On March 5, 2026, the Advance Carbon Removal Coalition launched in Ottawa to mobilize $100 million for Canadian carbon removal by 2030, with the federal government, Royal Bank of Canada, Bank of Montreal and Shopify Inc. as founding members.
- Policy supports such as industrial carbon pricing and investment tax credits aim to back projects, while organizers seek to attract domestic and international investors and position Canada as a top CDR player.
- Across Canada, 78 CDR companies and 48 projects operate with current capacity of 107,000 tonnes per year, while planned projects would reach 10.9 million tonnes annually.
- The coalition will serve as a platform, not an investor, to connect buyers and developers and channel credit purchases, off-take deals, equity investments, and project financing, with $75 million committed by SHOP-T and Vancity.
- Proponents of CDR argue it is one tool to slow climate change as critics say projects are energy-intensive and costly, while McKinsey & Co. estimates the market could reach US$1.2-trillion by 2050.
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The Toronto Star+20 Reposted by 20 other sources
New coalition targets $100M for Canadian carbon removal projects by 2030
An emerging industry to remove carbon dioxide from the atmosphere got a boost today with the launch of a Canadian initiative to raise another $100 million for those projects.
·Toronto, Canada
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Coverage Details
Total News Sources23
Leaning Left18Leaning Right0Center4Last UpdatedBias Distribution82% Left
Bias Distribution
- 82% of the sources lean Left
82% Left
L 82%
C 18%
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