View original ↗on finance.yahoo.com
deal · 1 November 2024
Royal Bank of Canada ↔ Deep Sky
Royal Bank of Canada: a firm purchase of 10,000 t of direct air capture removal from Deep Sky.
BuyerRoyal Bank of Canada
SupplierDeep Sky
Tonnes10,000 t
Capture pathwayDirect air capture
Storage mediumgeological
Commitment typefirm
Deal structureofftake
Source pathway descriptionDirect Air Capture (DAC) technology, solid amine-based filter to capture CO2, temperature swing process
Storage descriptionpermanently store it underground
Delivery window10-year period
Project locationInnisfail, Alberta, Canada
NotesMicrosoft also committed as founding carbon removal credit buyer to purchase 10,000 tonnes of CO2 removal over 10-year period, with options for up to 1 million additional tonnes. This announcement references a November 2024 deal announcement; the current article (November 27, 2025) reports on subsequent operations deployment. Recording RBC as primary buyer per explicit naming.
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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