Air Canada remains focused on seeking innovative, long-term, sustainable GHG emissions reduction solutions for aviation, and carbon capture is one we have outlined in our strategy to achieving net-zero GHG emissions by 2050. Under our Climate Action Plan we have created a $50-million investment fund to support new technologies.
Air Canada has an equity investment/loan of $6.75 million into Carbon Engineering (CE), a Canadian climate solutions company. The investment bolsters the advancement of CE’s Direct Air Capture (DAC) technology that pulls carbon dioxide (CO2) directly out of the air at a large, industrial scale.
For details including how CE uses large fans to pull in air and extract CO2, check out our press release.
