Deep Sky signs 10-year DAC carbon removal deal with TD Bank, advancing Canada's carbon removal industry

Deep Sky has announced a ten-year offtake agreement with TD Bank Group to purchase over 18,000 verified direct air capture (DAC) carbon dioxide removal credits. The deal positions Canada as a growing hub for permanent carbon removal infrastructure, with TD using the credits to address residual emissions after cutting its Scope 1 and 2 emissions by 29 percent against a 2019 baseline. Financial terms were not disclosed, but the agreement signals increasing corporate demand for durable carbon removal. Deep Sky says this serves as a case study for enterprise procurement of DAC credits, showing that carbon removal infrastructure can be built at scale in Canada. TD plans to continue investing in CDR technologies to voluntarily address remaining emissions over time.