Hopper CEO wants to turn Canada into a carbon-capture capital with startup Deep Sky

Deep Sky aims to build vast carbon-removal and sequestration operations in Quebec, Ontario and possibly Alberta

by using artificial intelligence to predict the best times to buy airline tickets. To offset emissions from the flights booked, Hopper sponsored a reforestation program that has planted 25 million trees.

His new startup, Deep Sky Corp., is aiming to build vast carbon-removal and sequestration operations in Quebec, Ontario and possibly Alberta, assembling technology already on the market from such vendors as Mission Zero, Carbyon and Equatic. The plan isn’t to capture carbon at source as it’s emitted, but to target CO2 already produced from past industrial activity.and favourable geology to create what he calls cities to save civilization.

Deep Sky has raised $10-million from two Hopper investors, the Quebec government and Brightspark Ventures. Hopper president Dakota Smith sits on Deep Sky’s board. CCS has hogged the emissions-reduction limelight, drawing much of the available subsidies and investment dollars. There were 35 commercial CCS facilities operating in 2022, according to Paris-based energy watchdog the International Energy Agency, with total annual capture capacity of almost 45 megatonnes. Another 300 projects are in the works.

Deep Sky aims to move quickly. The company is trying to raise $50-million with a goal of selecting a site and building a pilot project next year. Renderings on itsshow rings of white fan towers in the forest that would draw in air, capture and compress the carbon, and push it underground. Mr. Ouwerkerk is building software that would manage the operation and facilitate carbon-credit trading.

Ms. Forest also said the new venture would not distract Mr. Lalonde from Hopper. “Fred is super involved in Hopper, he’s working all the time.”

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