The Department of Energy expects the project to result in multiple public-private partnerships, four regional direct air capture hubs and an onset of research and development for the budding domestic pollution market.
Canada’s second-largest pension fund has been paid C$100m to step away from the project after a public backlash led the government to take on the project itself.
The Meridiam-led project reached an agreement with the State of Maryland to seal a new $2.7bn financial close and procure a new design-build contractor.
It's not only the 126 auctions of private concessions Brazil plans to hold this year that will attract international investors, but also FDI-friendly regulation, writes Apex-Brasil CIO Adalberto Netto.