Direct Air Capture Partnerships

Deep Sky & TD Bank Group Signed a 10-Year Carbon Removal Deal

References: deepskyclimate

Deep Sky and TD Bank Group signed a 10-year offtake agreement under which TD will purchase more than 18,000 verified direct air capture credits from Deep Sky's Canadian facilities. The credits will be third-party verified and delivered through a permanent carbon removal pathway, supporting TD's strategy to reduce Scope 1 and 2 emissions while addressing residual emissions with high-integrity carbon dioxide removal.

TD has already reduced its Scope 1 and 2 emissions by 29% compared to its 2019 baseline. The agreement follows Deep Sky's previously announced partnerships with ENGIE and Lufthansa, reinforcing the Montreal-based company's position as a technology-agnostic developer that brings multiple direct air capture technologies together on a single platform.

Deep Sky and TD show how domestic direct air capture infrastructure can provide enterprise buyers with access to verified, long-term carbon removal solutions.

Image Credit:

Deep Sky