The Montreal-based startup led by two founders of the travel app Hopper, Fred Lalonde and Joost Ouwerkerk, will work with Mission Zero Technologies to build a demonstration facility in Quebec in 2024 that they say will be able to capture 250 tons of carbon dioxide annually. The companies plan to later build commercial facilities that could capture up to one million tons a year. (The Logic)

Talking point: Founded last year, Deep Sky has also partnered with California-based, direct-ocean-capture startup Captura and Vancouver-based, direct-carbon-capture firm Svante. It aims to build facilities that can capture carbon dioxide from the air and oceans in Canada, becoming “the world’s first gigaton-scale” carbon-removal company. It recently appointed Damien Steel, former head of OMERS Ventures, as CEO. Interest in carbon-capture tech is high as companies and policymakers look to reach net-zero goals. Last month, Houston-based oil producer Occidental Petroleum announced it was acquiring Squamish, B.C.-based Carbon Engineering in a US$1.1-billion deal.