Applications now open for projects that could create more than 4,000 jobs while helping industries cut emissions and save nearly $1 billion
TORONTO — Starting today, Ontario is ready to accept applications for commercial-scale geologic carbon storage projects. This is another step in the government’s plan to protect Ontario by unlocking new opportunities to attract investment and build a more competitive, resilient and self-reliant economy. This innovative and safe technology has the potential to help energy-intensive industries cut greenhouse gas emissions by five to seven million tonnes annually, while creating over 4,000 jobs and reducing costs for Ontario’s industries by nearly $1 billion.
“Carbon storage is a tried and trusted technology in Canada and around the world and Ontario is ready to take a safe and responsible approach to unlocking this new opportunity for workers and businesses,” said Mike Harris, Minister of Natural Resources. “Our government is moving forward with strong environmental protections and clear rules that protect our environment while also protecting our economic advantage, supporting good-paying jobs and ensuring Ontario remains competitive around the world.”
Ontario has undertaken years of extensive research and consultation to develop the regulatory framework for geologic carbon storage projects. This framework will provide clarity for industry operators to guide the safe, responsible management of carbon storage projects. Through this approach, the government is continuing its world-class environmental protections while reducing uncertainty and red tape for businesses. Those interested in submitting project proposals can learn more by contacting CarbonStorage@ontario.ca.
>> In Other News: Why Banks Are Becoming Anchor Buyers for Durable CDR
“The passing of Ontario’s Geologic Carbon Storage Act is a major milestone in building a cleaner, stronger economy,” said Dawn Gallagher Murphy, Parliamentary Assistant to the Minister of Natural Resources. “By regulating carbon storage, we are taking the necessary steps to help ensure its safe implementation while also attracting new investments, creating good-paying jobs and positioning Ontario as a leader in the transition to a global low-carbon economy.”
The Geologic Carbon Storage Act, 2025 is focused on protecting Ontario by building resilient, safe and innovative communities that are ready to respond to the challenges of today and tomorrow. This work is part of the government’s broader plan to protect Ontario by supporting industries as they innovate and reduce emissions. The government will continue to work closely with industry stakeholders, municipalities, Indigenous communities, landowners and the public to ensure the framework remains effective.
Since 2022, Ontario has released 3 discussion papers, posted 7 public consultations on the Environmental Registry of Ontario and hosted 11 stakeholder engagement sessions to build a carbon storage framework that works for Ontario.
Commercial-scale geologic carbon storage involves injecting captured carbon dioxide, that would have otherwise entered the atmosphere, into deep underground rock formations for permanent storage.
Most of Ontario’s geologic carbon storage potential is expected to be in Southwestern Ontario, which also coincides with many of the province’s largest point source emitters of carbon dioxide.
According to the Global Carbon Capture and Storage Institute – an international think tank seeking to accelerate the deployment of carbon capture and storage – there were almost 400 carbon capture and storage projects at various stages of development worldwide in 2023 and close to 300 million tonnes of carbon dioxide injected underground.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⛏️ First Well of Lawson Commercial Validation Drill Program (Still in Progress) Encounters Continuous Natural Hydrogen Readings Over 831 Meters and Highest Readings to Date in Ma...
Inside This Issue ✈️ Delta and Shell Ink 5-Year SAF Deal Across 5 US Hubs 🌲 Plumas County Receives Top Bioenergy Rating, Opening Door for Biomass Investment 📜 Rep. Kiley Introduces Bill to Incenti...
Inside This Issue 🔋 Why $1.7B Is Betting on Fuel Cells Over Nuclear for AI 🍁 Air Canada and Airbus Launch Joint Initiative to Scale Domestic Canadian SAF and Help Reduce the Life-Cycle Emissions o...
Hood River Tree Farm Carbon Project Issues Core Carbon Principles (CCP) Labeled Offsets
The Climate Trust (TCT), an Oregon-based nonprofit leader in carbon finance and project development, today announced the first issuance of carbon credits from the Hood River County Tree Farm projec...
NEW Video: The Time is Now https://youtu.be/TKnEnBEQ0TM REGINA, Saskatchewan, July 27, 2026 GLOBE NEWSWIRE -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”...
KBR Selected by Power2X as Project Management Consultant for Its eFuels Project in Rotterdam
HOUSTON, July 27, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced it has been awarded the Project Management Consultant (PMC) contract by Power2X for its eFuels project in Rotterdam. The projec...
The Volvo Group, Daimler Truck AG, cellcentric and Toyota Motor Corporation (Toyota) have signed a binding agreement for Toyota to join as an equal partner and shareholder in cellcentric, with each...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.