A Large Potential Opportunity. Reasonable scenarios translate into a ~US$2tn market requiring ~US$500bn of capital across the energy, chemical, selected heavy industries (cement, steel, pulp, etc.) and utilities sectors. For perspective, about 9% emissions reductions via CCS would require roughly 2,000 new facilities over the next few decades from the existing 50 facilities (operating and proposed). Technologically Feasible Today. Unlike some other emissions reductions efforts, CCS is technologically feasible today along with generating economically attractive rates of return. Therefore, clear potential exists for CCS to provide upside to capital programs at relatively attractive rates of return into the future. More notably, some of this upside looks to be largely within current planning cycles for many infrastructure companies. In the coming quarters, greater clarity on the potential for a global carbon pricing could translate into future project upside for various chemical and energy infrastructure companies. Selected Stocks: We highlight three groups: (1) Public companies with meaningful CCS exposure (Page 6): (2) Public companies with greater potential for CCS from existing asset bases (Page 6); and, (3) Selected private CCS companies (Page 6) including: Carbon Cure Technologies (Canada); Carbon Engineering (Canada), Climeworks (Switzerland), and Global Thermostat (USA); Sask Power (Canada); Storegga (UK); Svante Inc. (Canada).