Ontario accepting applications for carbon storage projects
The province of Ontario is rolling out its framework for commercial-scale carbon storage.
Carbon storage involves injecting captured carbon dioxide in rocks deep underground to prevent it from entering the atmosphere.
Applications for funding of carbon storage projects are open now. Those interested in submitting applications can learn more by contacting carbonstorage@ontario.ca or calling 519-873-4634.
Ontario has been researching and developing a carbon storage framework since 2022. It expects this relatively new technology to create over 4,000 jobs and save industries 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.”
The government says it will continue to work closely with industry stakeholders, municipalities, Indigenous communities, landowners and the public to ensure the framework remains effective.
