Welcome to this week's Sunday Briefing. In this edition:
Bitcoin banking debuts in Canada
Reactions to ATTAbotics shutdown
Net Zero Now hits major milestone
Have a great day. We'll see you again next week.
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🗳️ Question of the Week
Do you think Canada should be investing more in carbon capture technology?
$21.5M for Alberta carbon capture projects
The federal government is putting $21.5 million toward new carbon capture and storage projects across Alberta, supporting everything from storing CO2 emissions underground to developing cleaner diesel engines. Energy Minister Tim Hodgson announced the funding in Calgary on July 4, calling it part of Canada's push to become a clean energy leader.
The money will support five different projects, including Bow Valley Carbon’s plan to store CO2 emissions from Inter Pipeline’s Cochrane Extraction Plant and Enbridge's hub near Edmonton that aims to provide CO2 transportation and storage solutions for regional industries. Other projects include OptiSeis Solutions' work on geophysical subsurface technology validation, OCCAM's Technologies' development of cleaner diesel engine solutions, and Enhance Energy's Origins CCS hub for carbon storage.
This funding is part of a larger federal commitment that started with Budget 2021, which set aside $319 million over seven years to help make carbon capture technology more affordable and practical. The goal is to help Canada reach its target of net-zero emissions by 2050 while supporting jobs in the energy sector.
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📰 Need To Know
'Sometimes it doesn't work out': Calgary tech community reacts to ATTAbotics insolvency. Local robotics company terminated 192 of 203 employees. CBC News
AIMCo severance costs jump 383% after executive purge. Investment firm shelled out a total of $7.9 million in termination pay. Calgary Herald
Bow Valley Credit Union launches Canada’s first bitcoin gateway. The Bitcoin Gateway provides a seamless and secure way to access the world’s most popular digital asset without needing to navigate complex exchanges or third-party platforms. Calgary.Tech
Net Zero Now clears key milestone on 320-acre energy campus, accelerating Alberta’s low-carbon data centre infrastructure build out. The 320-acre energy campus provides a speed-to-market and low-cost electricity supply solution. Net Zero Now
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