Deep Sky and TD Bank Group sign direct air capture carbon removal agreement, financial terms undisclosed

Deep Sky has announced a direct air capture (DAC) carbon removal agreement with TD Bank Group. The deal involves Deep Sky removing carbon dioxide from the atmosphere and providing verified carbon credits to TD. Financial terms of the agreement were not disclosed, which is common for early-stage offtake deals in the carbon removal space. This agreement signals growing corporate demand for engineered carbon removal solutions. TD's involvement as a buyer adds credibility to the voluntary carbon market, though the lack of pricing details makes it hard to assess the economic viability. The deal also highlights the role of banks in supporting nascent climate technologies through direct procurement rather than just financing.