Microsoft signs 15-year BECCS-based carbon removal deal in Canada

⭐ Join our community and access the best we offer!

illuminem summarises for you the essential news of the day. Read the full piece on ESG Today or enjoy below:

🗞️ Driving the news: Microsoft has signed a 15-year agreement to purchase more than 600,000 tonnes of carbon removal credits from a BECCS project in Canada developed by Svante in partnership with the Meadow Lake Tribal Council

🔭 The context: The credits will come from the North Star BECCS Project, which integrates bioenergy with carbon capture and storage at the MLTC Bioenergy Centre, a biomass cogeneration facility producing renewable electricity and heat from forestry waste

🌍 Why it matters for the planet: BECCS is considered one of the most scalable durable carbon removal technologies, capable of generating negative emissions by capturing CO₂ from biomass energy systems and storing it permanently underground

⏭️ What’s next: The project is expected to transport captured CO₂ to a geological storage site operated by North Star, with credits verified under strict monitoring and reporting standards
• The deal also marks Canada’s first BECCS carbon removal agreement involving Indigenous ownership

💬 One quote: “To meet our climate goals, we need to help scale solutions that deliver durable storage and are backed by rigorous monitoring and verification.” — Phillip Goodman, Microsoft

📈 One stat: Microsoft disclosed 45 million tonnes of carbon removal agreements in 2025, making it the world’s largest corporate buyer of carbon removal credits

See on illuminem's Data Hub™ the sustainability performance — carbon credit purchases, total emissions, and climate targets of thousands of companies

Click for more news covering the latest on carbon removal