Bill Gates's Breakthrough Energy is giving a $40 million grant to a startup aiming to create a Canadian testing ground for technologies that suck carbon directly from the air, in an effort to speed up their rollout,

A Montreal-based company building a Canadian test site for carbon removal technologies has received a US$40-million grant from Bill Gates' climate solutions venture firm.

Deep Sky, a Quebec-based developer of carbon removal projects, has landed a $40 million grant commitment from the Bill Gates-backed fund Breakthrough Energy Catalyst. Why it matters: The investment signals the $1 billion-plus Breakthrough Energy Catalyst fund's interest in demonstration projects in the carbon removal sector.