Microsoft agrees to purchase 626,000 tonnes of durable carbon dioxide removal (CDR) credits over a 15-year delivery term from the North Star BECCS project in Saskatchewan, Canada.
Indigenous ownership: North Star Carbon Solutions LP is a Meadow Lake Tribal Council (MLTC)–Svante partnership.
The deal is Microsoft’s first Canadian BECCS CDR offtake agreement and is believed to be the first of its kind in Canada involving Indigenous ownership.
The project is co-located at the MLTC Bioenergy Centre and supplied by sustainable waste biomass from MLTC’s adjacent sawmill.
(BUSINESS WIRE) -- Svante Technologies Inc. (Svante) and Meadow Lake Tribal Council (MLTC) announced today that North Star Carbon Solutions LP has entered into an offtake agreement with Microsoft to deliver 626,000 tonnes of durable carbon dioxide removal (CDR) credits to be delivered over 15 years from the North Star bioenergy with carbon capture and storage (BECCS) project in Saskatchewan, Canada. The project is bein
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Date:
04.07.2026
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At a time when the US–Israel–Iran conflict is reshaping geopolitical and economic realities, businesses across the region are being tested on their ability to adapt and endure. Against this backdrop, Danube Group’s Founder and Chairman Rizwan Sajan is setting a strong example of leadership by standing firmly by its workforce.
On Tuesday, Sajan took to Instagram to announce that the company will not lay off any employees. “I’ve faced many challenging situations in the past - from the Iraqi invasion of Kuwait to the 2008 financial crisis and the COVID-19 pandemic. Despite these, we have always bounced back stronger, and I’m confident we will do so again. During the pandemic, I had committed to not letting go of any employees, and I stood by that promise. Similarly, there will be no layoffs at Danube Group this time as well,” he said.
He further added, “Our 6000+ employees are not just our workforce - they are our family. They helped build Danube Group into what it is tod
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Ngerulmud, Republic of Palau - Monday, 06. April 2026 AETOSWire
The Saudi Fund for Development (SFD) today signed a USD 15 million development loan agreement with the Republic of Palau, marking the Fund’s first-ever development partnership in the Pacific island nation.
The agreement was signed by H.E. Sultan Abdulrahman Al-Marshad, Chief Executive Officer of SFD, and H.E. Surangel S. Whipps Jr., President of the Republic of Palau during a ceremony in Palau’s capital, Ngerulmud.
The USD 15 million development loan will be channeled through the National Development Bank of Palau. Designed to empower the local economy, the financing will support projects spearheaded by Palauan developers, businesses, and entrepreneurs. By aligning with Palau’s national priorities, the funds will catalyze high-impact initiatives and foster sustainable, grassroots economic growth.
This agreement reflects SFD’s continued commitment to Small Islan
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