TD Bank Group has signed a 10-year carbon removal offtake agreement with Canadian project developer Deep Sky. The deal covers over 18,000 verified direct air capture carbon dioxide removal credits generated from Deep Sky's DAC facilities in Canada, including its operational Deep Sky Alpha facility in Alberta. Financial terms were not disclosed. The agreement supports TD's net-zero target for 2050 and its plan to address residual emissions through engineered carbon removal. The bank has already reduced scope 1 and 2 emissions by 29% against a 2019 baseline. This is TD's second long-term CDR deal, following a similar agreement with Charm Industrial earlier in 2026. Deep Sky describes its Alpha facility as the world's first cross-technology carbon removal center, capable of testing multiple DAC approaches simultaneously. The company is developing two additional large-scale commercial facilities. The deal provides TD with Canadian-produced, third-party verified removal credits over the next decade.
