Sumitomo Mitsui Banking Corp Invests In Deep Sky To Support DAC And CDR In Japan

Sumitomo Mitsui Banking Corporation (SMBC) has made a strategic investment in Montreal-based Deep Sky, marking its first-ever funding allocation under its Social Value Creation Investment Fund into the CDR and DAC sectors.The investment aims to leverage Deep Sky’s project development and CO2 storage expertise to secure high-quality carbon removal credits, establishing a vital Japan-Canada carbon removal corridor. SMBC will utilize these market and technological insights to support its corporate clients’ decarbonization strategies and expand Japan’s domestic carbon ecosystem.
News Link
#SumitomoMitsuiBankingCorporation #DeepSky #CarbonRemoval #DAC #CDR #GreenFinance #NetZero #ClimateTech