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Carbon Engineering

2009 establishments in British ColumbiaDirect air captureEnergy companies established in 2009Privately held companies of Canada

Carbon Engineering Ltd. is a Canadian-based clean energy company focusing on the commercialization of direct air capture (DAC) technology that captures carbon dioxide (CO2) directly from the atmosphere.This captured CO2 can either be stored underground, or converted into carbon-neutral fuel using renewable energy sources, by a process the company calls "air to fuels". The company is running a pilot plant in Squamish, British Columbia, removing CO2 from the atmosphere since 2015 and converting it into fuels since December 2017.The company was founded in 2009 by David Keith, now a board member as well as a professor of public policy and applied physics at Harvard University, and is now led by Daniel Friedmann as CEO, who served as the former CEO of Canadian aerospace company, MDA, for 20 years.Carbon Engineering is funded by several government and sustainability-focused agencies as well as by private investors, including Microsoft founder Bill Gates and oil sands financier N. Murray Edwards. In addition, in 2019 the company received US$68 million from private investors, including fossil fuel companies Chevron Corporation, Occidental Petroleum, and BHP. In August 2023, Occidental Petroleum bought Carbon Engineering for $1.1B, with payments over 3 years, and the intention to build 100 DAC plants.

Excerpt from the Wikipedia article Carbon Engineering (License: CC BY-SA 3.0, Authors).

Carbon Engineering
Galbraith Road, Squamish Northridge

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N 49.6883 ° E -123.16244 °
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Galbraith Road 39513
V8B 0A6 Squamish, Northridge
British Columbia, Canada
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Squamish, British Columbia
Squamish, British Columbia

Squamish (IPA: [skwɔːmɪʃ]; Squamish: Sḵwx̱wú7mesh, IPA: [ˈsqʷχʷuː.ʔməʃ]; 2021 census population 23,819) is a community and a district municipality in the Canadian province of British Columbia, located at the north end of Howe Sound on the Sea to Sky Highway. The population of the Squamish census agglomeration, which includes First Nation reserves of the Squamish Nation although they are not governed by the municipality, is 24,232.Indigenous Squamish people have lived in the area for thousands of years. The town of Squamish had its beginning during the construction of the Pacific Great Eastern Railway in the 1910s. It was the first southern terminus of that railway (now a part of CN). The town remains important in the operations of the line and also the port. Forestry has traditionally been the main industry in the area, and the town's largest employer was the pulp mill operated by Western Forest Products. However, Western's operations in Squamish permanently ceased on January 26, 2006. Before the pulp mill, the town's largest employer had been International Forest Products (Interfor) with its sawmill and logging operation, but it closed a few years prior to the pulp mill's closing. In recent years, Squamish has become popular with Vancouver and Whistler residents escaping the increased cost of living in those places, both less than one hour away by highway. Tourism is increasingly important in the town's economy, with an emphasis on outdoor recreation.