Global Trade Alert
Global Trade Alert

Canada: Government supports Entropy Inc's carbon capture and storage project through the Canada Growth Fund

Announcement

20 Dec 2023

In December 2023, the government of Canada announced the provision of CAD 200 million (approximately USD 150 million) in state aid to Entropy Inc through the Canada Growth Fund. In addition, the government will support Entropy through the carbon credit offtake agreements. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Dec 2023

Revocation date:

20 Dec 2039

Announced: 20 Dec 2023
Price stabilisation In force
On 20 December 2023, the government of Canada announced a carbon credit offtake agreement with Entropy Inc. According to the agreement, the government will buy 85'000 tonnes per year of carbon credits...
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Implementation date

20 Dec 2023

Revocation date:

No revocation date

Announced: 20 Dec 2023
State loan In force
On 20 December 2023, the government of Canada announced the provision of CAD 200 million (approximately USD 149.2 million) through a delayed draw convertible debenture facility to Entropy Inc. The gov...
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