The winners of this first round were Occidental Petroleum’s South Texas DAC Hub and Project Cyprus led by Climeworks, Batelle, and Heirloom. Department of Energy (DOE) announced awards for two projects based in Texas and Louisiana as part of its Direct Air Capture (DAC) Hubs program, totaling $1.2 billion. In 2023, governments around the world made significant commitments to carbon removals, with the United States leading the way. The start of every major industry is often aided by government support in some way - whether that’s in funding the initial research and development underpinning the technology or creating policies and incentive programs to help the industry get on its feet. Governments take active steps to launch the emerging carbon removal industry As the urgency to address climate change continues to ratchet up in 2024, startups offering solutions to this massive problem will continue to find investors to fund them. We’ve also announced partnerships with several carbon removal startups to pilot their projects in Quebec, starting next summer. This fall my company Montreal-based Deep Sky, a technology-agnostic carbon removals project developer, raised a $57.5 million Series A to build direct air and direct ocean capture projects in Canada. Rendering of Deep Sky's large scale direct ocean capture carbon removal facilities Carl Robichaud, Deep Sky
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