🇨🇦🍁💚💵 Government, Corporate and Financial Leaders Unite to Mobilize $100 Million for Canadian Carbon Removal by 2030

Saturday, 07 March 2026 12:00.PM

- The Government of Canada, BMO, ClimeFi, NorthX, RBC, Shopify, and Vancity launch the "Advance Carbon Removal Coalition" to advance demand for Canadian CDR. -

Canada's carbon removal sector got a coordinated push today with the launch of the Advance Carbon Removal Coalition (ACR). An initiative of Carbon Removal Canada, ACR aims to mobilize $100 million in new support by 2030 for Canadian carbon dioxide removal projects across purchases, investments, and project finance. Founding members include the Government of Canada, BMO, ClimeFi, NorthX, RBC, Shopify, and Vancity – leading organizations that have collectively contributed over $75 million into the Canadian CDR ecosystem to date.

ACR is launching as a demand-side coalition to strengthen confidence in Canada's carbon removal market. It will build and elevate demand for high integrity credits from Canadian carbon removal through a shared platform for participation, transparency, and engagement across the Canadian CDR ecosystem – supporting the creation of a clearer market direction and stronger conditions for Canadian projects to secure purchases, investment, and project finance.

By bringing together the Government of Canada and leading corporate and financial institutions around a set of aligned objectives, ACR gives the Canadian CDR ecosystem a clearer basis for engagement and reduces the fragmentation that can slow market development. The Coalition will publicly recognize member participation and report aggregate progress toward its 2030 target.

Carbon removal is expected to become a trillion-dollar global market in the coming decades as countries and corporations tackle emissions from sectors like cement, aviation and heavy industry. Canada holds competitive advantages in geology, engineering expertise, biomass resources and clean electricity. Capturing that opportunity will require credible domestic markets.

Canada's CDR sector is gaining momentum, but projects need more than one-off transactions to move from development to scale. ACR will help make the Canadian market easier to follow and engage by clarifying who is participating and the types of demand-side activity underway. This helps projects and decision-makers understand where serious demand is emerging in Canada.

"Canada has the talent, geology and clean power to lead in carbon removal. By aligning serious buyers and investors, we're helping advance Canada's carbon removal sector from fragmented to financeable. That's how you go from ambition to projects on the ground."
- Ed Whittingham, Founding Director, Advance Carbon Removal Coalition

SOURCE: Carbon Removal Canada

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