Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced $5 million in funding for Squamish-based Carbon Engineering ULC under the Energy Innovation Program to support the development of new, alternative energy solutions for powering direct air capture (DAC) systems, which pull carbon dioxide (CO2) from the air. The project also aims to explore further electrification of the DAC process, which can address CO2 emissions from anywhere by decoupling the source of the emissions from the point of capture, providing an important tool to support a low-carbon future.