The Montreal-based airline said it has provided $6.75 million to the direct-air-capture company as part loan and part equity investment to help Carbon Engineering accelerate building its plants, which remove carbon dioxide from the atmosphere. (The Logic)

Talking points: Airbus did not specify the size or structure of its investment and Carbon Engineering said “the details of the investment are confidential.” At an event at the company’s Squamish, B.C., headquarters Thursday, CEO Daniel Friedmann said it will use the money to introduce and test improved equipment and operational procedures, which should decrease the cost of building and running its facilities. The company believes its plants can help industries that can’t reduce all of their emissions achieve net zero. In June, Carbon Engineering announced its largest partnership to date, working with a major U.S. petroleum company to build at least 70 plants by 2035—a lofty goal for a mostly unproven technology about which many are skeptical.