On December 20, 2023, the Canada Growth Fund announced its agreement to make a $200 million strategic investment in Entropy Inc., coupled with a novel fixed-price carbon credit offtake agreement that represents first ever large-scale, long-term, fixed-price carbon credit offtake commitment in a compliance carbon market, whereby the Canada Growth Fund committed to purchase up to one million tonnes per annum of carbon credits for 15 years from Entropy.
The Canada Growth Fund is a new $15 billion public fund established by the Government of Canada and managed by PSP Investments, with a mandate that includes investing in projects and technologies, including carbon capture and sequestration, that hold significant potential to reduce emissions across the Canadian economy. Entropy is a Calgary-based carbon capture and sequestration project developer.
The Osler deal team consisted of Jacob Sadikman and Paula Olexiuk (Energy), Shahir Guindi, Kelsey Armstrong and Bukola Agbede (Corporate), Deirdre Sheehan and Joey Chan (Regulatory, Indigenous and Environmental) and Zeyad Aboudheir (Articling Student).
Key Contact
Partner, Commercial, Toronto
Team
Partner, Energy and Construction, Calgary
Former National Co-Chair, Partner, Corporate, Montréal
Partner, Corporate, Calgary
Partner, Regulatory, Indigenous and Environmental, Calgary
Associate, Regulatory, Indigenous and Environmental, Calgary
Associate, Corporate, Calgary
