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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 …
The Carbon Cleanup Industry Is Growing in Louisiana Read More »
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 …
Exxon, Chevron CEOs Seek Clear Rules on U..S Clean Energy Subsidies Read More »
(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 …
Chevron Arm Launches $500 Million Fund to Invest in Low Carbon Technologies Read More »
HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …
CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference Read More »
Meeting demand and transitioning to clean energy amid geopolitical tensions will dominate conversations among industry heavyweights at CERAWeek in Houston next week. More than 7,000 people are headed to Houston this week to attend CERAWeek by S&P Global with a key question in mind: How to meet increasing demand for power amid the transition to …
CERAWeek’s Yergin on What to Expect at Big Energy Conference Read More »
Summary Series A funding round led by Prime Movers Lab Aramco Ventures, Amazon Climate Pledge Fund also backers Cash to drive technology development, field installations WASHINGTON, March 12 (Reuters) – Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised …
U.S.-Based CarbonCapture Raises $80 Mln from Saudi Aramco, Others Read More »
March 11 (Reuters) – Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields. But Summit has a different message for prospective clients, including …
U.S. Carbon Pipeline Company Pledges No Oil Recovery, but Bakken Drillers Want It Read More »
‘Stick-based approach with some carrots thrown in’ Bloomberg News Robert Tuttle Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the capital costs for the project, and Alberta has offered a 12 per …
Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture Read More »
March 1 (Reuters) – Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday. The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore …
ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project Read More »
(Reuters) – Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday. Speaking at the 50th anniversary meeting of the International Energy Agency, Australian billionaire Forrest said the investment community needs a level-playing …
Carbon Capture Tech a ‘Complete Falsehood’, Says Fortescue Metals Chairman Read More »
