The Globe and Mail reports in its Thursday edition that Ottawa's new $15-billion cleantech financing agency has done its first deal to de-risk investment in carbon capture by removing uncertainty around carbon pricing. The Globe's Adam Radwanski writes that Canada Growth Fund has reached a deal with Entropy Inc., a subsidiary of Calgary oil and gas company Advantage Energy, involving a novel investment tool that it calls a carbon-credit offtake agreement. Under the terms of the agreement, the Growth Fund will purchase up to 185,000 tonnes a year of carbon credits generated under Alberta's industrial carbon-pricing system by the company's first carbon-capture project, at Advantage's Glacier gas plant. It will do so at a rate of $86.50 a tonne for 15 years. The agreement commits the Growth Fund to purchasing credits from subsequent Entropy carbon-capture projects, on similar terms, up to a total of 600,000 tonnes annually, and it gives the option of further expanding that by another 400,000 tonnes a year, which would bring it to one million annually. Growth Fund officials were drawn to Entropy partly because it is a Canadian technology purveyor that, with the deal in place, should be able to scale up in this country.