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Brookfield Embraces Carbon Capture With Plans to Invest Billions

Luis Garcia of The Wall Street Journal reports on private sector investments into carbon capture.

The C3 Take
  • Toronto-based infrastructure investor Brookfield Asset Management Inc. has invested $1.3 billion into carbon capture projects in 2022 alone.
  • Most recently the asset management firm committed $500 million into LanzaTech NZ, a startup that converts captured industrial emissions into everyday products.
  • Carbon tech startups worldwide have received $5.6 billion in new funding in the first half of this year.
  • Private sector investments are creating a more sustainable future.

“The declining costs of carbon-capture projects make them more economically viable and offer a way to reduce emissions while other technologies evolve, Ms. Adomait said. She cited hydrogen fuel and direct-air capture, or extracting carbon dioxide from the air, as examples of carbon-reducing technologies still in development.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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