🌍 Deep Sky wants to sequester carbon in Quebec — but the law blocks everything!
🏛️ CAPERN Commission — June 3, 2026
Deep Sky, the only Quebec company specializing in direct carbon capture, is appearing before the Commission to support Bill 17 on geological carbon storage.
🌍 Without a legislative framework, Quebec loses its 60% federal tax credits and access to voluntary carbon markets. Other provinces have already taken action.
💰 Thetford Mines site: $850 million in added value, up to 12,000 jobs under construction.
⏰ Deep Sky must choose the location of its first major site very soon — in direct competition with Alberta and Ontario.
00:00 🎬 Introduction and presentation of Deep Sky
03:30 🌍 Mission: to capture CO2 directly from the atmosphere
07:00 💰 Markets, clients, and projected revenues ($740M)
10:30 ⚠️ Legislative emergency: why Bill 17 is critical
14:00 🏛️ Exchanges with the Minister on licensing and development
22:00 ⚡ Energy needs and discussions with Hydro-Québec
26:00 ⚖️ Questions from the Official Opposition: bankruptcy, insurance, force majeure
34:00 🌱 Response to environmental criticisms of carbon capture
38:00 🔬 Questions from the Member for Saint-Jérôme: competition and challenges
🏛️ Political context
🏛️ CAPERN is studying Bill 17 on carbon storage Geological carbon.
🌍 Quebec is the only major province without a legislative framework—Alberta, British Columbia, Saskatchewan, and Ontario have already taken action.
💰 Federal funding of 60% (capture) and 37.5% (storage) is conditional on a provincial framework.
📅 Adoption before the end of the session is presented as imperative by all parties.
⚖️ Comparison of opinions
✅ Deep Sky fully supports Bill 17, calling it an excellent framework inspired by Canadian best practices.
🔧 Proposed amendments: trade secrets (section 29), force majeure (section 19), conflicts of use (section 30), well closure certificate.
🏛️ The Minister and CAQ members insist on consistency with municipal plans.
⚖️ The Liberal Party of Quebec (PLQ) supports the project but questions the financial risks and liability in case of bankruptcy.
🌱 Québec Solidaire (QS) warns that carbon capture must not delay the direct reduction of emissions.
📢 Reactions and Controversies
⚠️ Without Bill 17 passed before the end of the session, Deep Sky will deploy its first major site in another province.
🌿 Environmental groups fear that carbon capture will be used to maintain emissions — Deep Sky responds with the bathtub metaphor.
💼 Post-bankruptcy liability raises issues for insurers and financiers.
🏙️ Municipal associations are concerned about the development plans — Deep Sky reassures them about the small land footprint.
📜 Legislative and Social Consequences
📜 Bill 17 would unlock federal funding and hundreds of millions in private investment.
🏭 Thetford Mines: $850 million in added value, up to 12,000 construction jobs.
🌍 Target global market: $19 billion/year in carbon sequestration credits by 2035.
⏳ Without legislation, Quebec loses the sector to another province.
🌱 The Quebec Energy Transition Plan (PÉGIR) forecasts 13 million tonnes/year of sequestration capacity needed in Quebec by 2050.
❓ Key questions
1️⃣ Will Bill 17 be adopted before the end of the June 2026 session?
2️⃣ Will Hydro-Québec deliver the energy blocks (15 MW then 115 MW) in time for 2028?
3️⃣ Will the amendments on force majeure and conflicts of use be incorporated? 4️⃣ Will Thetford Mines remain the first choice if permits are delayed?
5️⃣ How can we ensure that carbon capture complements—and doesn't replace—direct emission reductions?
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