The clean-tech venture firm founded by Bill Gates is providing a $40 million grant to carbon-capture startup Deep Sky Corp., which seeks to build large-scale facilities to clean carbon from the air.

Bill Gates's Breakthrough Energy is giving a $40 million grant to a startup aiming to create a Canadian testing ground for technologies that suck carbon directly from the air, in an effort to speed up their rollout,

Startup company Deep Sky intends to use to the funding on the world's first direct air capture carbon removal test hub and commercialization centre, which it's working on in Innisfail.