The Montreal-based carbon removal company said it sold 10,000 tonnes worth of credits to the software giant and to Canada’s biggest bank. In return, Deep Sky plans to capture 10,000 tonnes of CO2 over the next decade using eight different carbon removal technologies. (The Logic) 

Talking point: Deep Sky, led by Fred Lalonde, the Montreal co-founder of travel-booking app Hopper, is one of Canada’s more ambitious carbon-removal companies. It has backed an array of technologies that pull CO2 directly out of the atmosphere and oceans. Earlier this year, the company announced plans to build an innovation centre in Alberta for testing and developing carbon-removal tech. Its deal with Microsoft and RBC underscores the growing market for carbon credits, as heavy-emitting industrial players and other major companies continue to buy credits to offset their emissions. Some see carbon credits as a critical tool for incentivizing carbon removal technologies by attempting to assign value to the CO2 they eliminate.