CALGARY, AB, CANADA – May 6, 2025 – Canadian Discovery Ltd. (CDL) is excited to announce a new project initiative in partnership with carbon removal project developer Deep Sky: the Geological Carbon Storage Atlas of Eastern Canada. This groundbreaking Atlas will deliver a comprehensive regional analysis, cataloging opportunities, economics, and risks associated with carbon capture and storage (CCS) in Eastern Canada, encompassing Quebec and Atlantic Canada. While some research was previously published for specific areas within Eastern Canada, a complete regional assessment of CO2 storage opportunities has not been completed. Addressing this gap is essential for the successful development of CCS, as accurate quantification of CO2 storage and area-specific cost estimates are crucial for progress.
“We are thrilled to partner with Deep Sky on this groundbreaking initiative, which will provide the critical insights needed for timely development of carbon capture and storage in Eastern Canada. By identifying and assessing the region’s vast CO2 storage potential, we are contributing to Canada’s net-zero goals and fostering sustainable economic growth,” said Rob Pockar, CEO of CDL.
Geologic CO2 storage is essential to carbon management and contributes to the goals of achieving net-zero for Canada and its provinces/territories. According to the International Energy Agency (IEA), it is expected that 95% of all captured CO2 will need to be permanently stored.[1] Canada’s abundant CO2 storage resources are estimated to offer hundreds of years of capacity, positioning the country to pioneer innovative CO2 storage solutions.[2] This project aims to enhance long-term opportunities for emissions reduction and economic growth in Quebec and Atlantic Canada.
“This important project will accelerate all of Quebec and Eastern Canada's offshore carbon dioxide storage potential”, said Gregory Maidment, VP of Subsurface at Deep Sky. “Research of this nature educates and advances the entire carbon capture and storage industry, and we’re proud to work alongside CDL to ultimately achieve more CO2 storage solutions in Canada.”
The Geological Carbon Storage Atlas of Eastern Canada will include a comprehensive review and analysis of available data to estimate the range of storage and injectivity potential, identify key containment risks and highlight the best candidates for future exploration and testing. A crucial aspect of this project will be the development of CCS costs, including CO2 capture, transportation, and storage in Quebec and Atlantic Canada.
This Atlas will be a valuable and trusted resource for industry, government, Indigenous groups, and the public. It will enable groups to accelerate CCS strategies and direct efforts toward the most promising storage reservoirs while also aiding regulatory reviews, policy decisions, and public discussions about the opportunities and risks associated with carbon storage. For more details about the Atlas, including progress updates, please visit the official project website.
CDL brings extensive experience in CCS projects across North America, including in British Columbia, Alberta, Saskatchewan, and the southern U.S. Gulf Coast. In 2023, CDL completed the Northeast BC Geological Carbon Capture and Storage Atlas, published by GeoScience BC.[3]
About Deep Sky
Montreal-based Deep Sky is the world's first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $75M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.
About Canadian Discovery Ltd.
Canadian Discovery Ltd. (CDL) is an independent, global energy information services company headquartered in Calgary, Alberta, Canada. As world leaders in reservoir- to basin-scale evaluation, we specialize in assessing subsurface properties, pressure, fluid flow, fluid chemistry and geomechanics. Our deep understanding of depositional environments and fluid-rock interactions in the subsurface has been CDL’s core competency for over 35 years and we integrate geoscience and engineering expertise to support Clean Technologies including Carbon Capture, Utilization and Storage (CCUS), hydrogen production, geothermal energy, critical minerals, and water disposal and sourcing solutions.
[1] IEA (2021). Net Zero by 2050. https://www.iea.org/reports/net-zero-by-2050
[2] NRCan, Canada’s Carbon Management Strategy. https://natural-resources.canada.ca/climate-change/canadas-green-future/capturing-the-opportunity-carbon-management-strategy-for-canada/canadas-carbon-management-strategy/25337
