A Bill Gates-backed American startup, Graphyte, plans to build a carbon-storage facility in Valemount, B.C., which could start operating as early as next January. The facility aims to capture carbon from forestry and agriculture industries by compressing unusable organic matter into bricks that do not decompose and burying them underground. Graphyte has sold carbon credits to companies like Microsoft and J.P. Morgan to offset their emissions. The company's initiative, called "Project Red Cedar," is expected to bring 20 jobs to the community and repurpose the local industrial park. Enkon consulting firm is ensuring compliance with environmental regulations for the project, which has garnered support from the Simpcw First Nation and the Valemount Community Forest.
https://thetyee.ca/News/2026/05/28/Company-Funded-Bill-Gates-Wants-Capture-BC-Carbon/