TAF made a C$1 million investment in CLEARAS Water Recovery, through the Montcalm Capital Fund I LP, that aims to commercialize a proven climate solution for wastewater. TAF is the first Canadian funder of this innovative company, which is leveraging a further US$9 million. CLEARAS has created a non-chemical solution for cleaning wastewater: algae and captured carbon dioxide get added to wastewater, in a closed greenhouse-like controlled environment. The algae grows, consuming carbon, nitrogen and phosphorus in the process. The end result: clean water, algae for fertilizer, and reduced carbon emission.