BHP buys stake in B.C. firm that extracts emissions from the air GlobeBusiness
The world’s biggest coking coal producer BHP has bought a $6 million equity stake in a Canadian-based company that sucks carbon dioxide from the atmosphere, as miners’ quest to become sustainable and retain ethical investors gathers pace.
Canada’s Carbon Engineering has been removing emissions from the atmosphere since 2015 at a pilot plant in British Columbia and converting it into fuel since 2017. CE’s CEO Steve Oldham said BHP’s global reach and experience of complex projects made it “an ideal partner” as CE sought to deliver affordable, carbon-neutral fuels and emissions cuts.
Even the relatively established technology of carbon capture and storage, which captures and buries emissions released by power generation, for instance, has struggled for years.
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