Carbon Capture

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Trump Hates Biden’s Climate Law But His Allies are Making Money From It

Carbon Capture, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

Summary Trump pledges rollback of Biden’s climate law as a top priority Trump allies, fundraisers benefit from the IRA’s key tax credits At least 7 allies, or the companies they run, hold investments in projects eligible for IRA subsidies WASHINGTON, Oct 25 (Reuters) – Donald Trump has promised to gut U.S. President Joe Biden’s climate subsidies if elected. But …

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Companies Are Dropping Carbon Offsets, But Still Buying the Worst Ones

Carbon Capture, Conventional Energy, Energy Topics & Technology, Latest, US News / By

Purchases of carbon offsets last year fell for the first time since 2016, according to an analysis of 260,000 publicly available transactions. (Corrects the percentage decrease in demand for offsets in the 2nd paragraph of a story originally published on Nov. 27, 2023, and related figures in the first two charts.) Carbon offsets once looked primed …

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Exxon Secures Over 271,000 Acres in Texas waters for Offshore CO2 Capture

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Exxon Mobil said on Thursday it has acquired state leases for over 271,000 acres in Texas state waters for an offshore carbon dioxide (CO2) capture operation. The lease with the Texas General Land Office follows Exxon’s 2021 bid for federal land off the Texas coast for CO2 capture, and its emergence as a high bidder on …

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Oil Industry Yet to Prove Carbon Capture Viable: Kerry

Carbon Capture, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

Kerry urges industry to back CCUS talk with workable projects Former climate diplomat helped broker fossil COP28 deal John KerryPhotographer: Benjamin Girette/Bloomberg John Kerry, the Biden administration’s former top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions or face a quicker-than-expected transition away from …

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Canada is Embracing Carbon Capture and Storage (CCS) to Reduce Emissions and Sustain its Energy Industry.

Carbon Capture, CDN and International News, Energy Topics & Technology, Latest / By

Back in 2007, the Alberta and federal governments established a task force on carbon capture and storage (CCS) as a way of reducing emissions from oil, gas, and energy operations. That led to a report in 2008 that said: “CCS is seen as a technological solution that allows Canada to continue to increase its energy …

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Exxon Mobil, CF Industries Sign Carbon Capture and Storage Deal

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(Reuters) – Energy major Exxon Mobil  said on Thursday it has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries. Carbon capture is a process through which carbon dioxide (CO2) generated from industrial activity is stored underground. The process has been embraced by oil companies including Chevron, Occidental Petroleum and Talos Energy. …

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Strathcona Plans $2 Billion in Oilsands Carbon-Capture Projects

Carbon Capture, CDN and International News, Energy Topics & Technology, Latest, Oilsands / By

While Strathcona will own and operate the assets, it will evenly split the upfront capital costs with the federal Canada Growth Fund Bloomberg News Canadian driller Strathcona Resources Ltd. is planning as much as $2 billion in projects to capture carbon dioxide emissions from its oilsands operations, helped by backing from a Canadian public investment vehicle. While Strathcona will …

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The Carbon Cleanup Industry Is Growing in Louisiana

Carbon Capture, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

Startup Heirloom announced it will be building facilities to suck carbon from the air in the northwest corner of the state, thanks to a skilled workforce and ideal geology. The Biden administration’s hub to clean carbon from the air in northwest Louisiana is getting company. On Monday, Heirloom Carbon announced that it’s constructing a facility with machines …

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Exxon, Chevron CEOs Seek Clear Rules on U..S Clean Energy Subsidies

Carbon Capture, Energy Storage, Energy Topics & Technology, Environment, Hydrogen, Latest, Pinned Primary, US News / By

Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change. President Joe Biden has been trying to encourage energy producers to slash emissions using technologies like carbon capture and green hydrogen that are expensive …

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Chevron Arm Launches $500 Million Fund to Invest in Low Carbon Technologies

Carbon Capture, Energy Topics & Technology, Latest, US News / By

(Reuters) – Chevron’s  venture capital arm launched on Tuesday its third fund to invest in renewable energy technologies with a $500 million commitment, as oil majors look to diversify their business in the face of pressure to reduce their emissions. Like the previous two funds, the Future Energy Fund III will focus on innovations in industrial …

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