Tag: carbon capture
Oil industry rides into climate summit bigger than ever – POLITICO
This article is part of the Road to COP special report, presented by SQM.
WASHINGTON — Eight years after Paris, the oil business is bigger than ever.
Profits are soaring. Production is climbing — and marking a record year in the United States. The industry is even poised to gain from the crusade to rein in climate pollution, including the billions of dollars in incentives that U.S. President Joe Biden is offering for wind farms, battery minerals and carbon-carrying pipelines.
Who’s who at COP28 – POLITICO
This article is part of the Road to COP special report, presented by SQM.
The annual U.N. climate summit that starts November 30 has become one of the biggest diplomatic setpieces in the global political calendar.
Organizers are expecting more than 70,000 people to descend upon Dubai’s Expo City: activists, billionaires, presidents, Indigenous leaders, business executives, monarchs and diplomats from every corner of the world. A few will hold sway over the outcome of the talks. Some will make noise
Billionaire rethinking new UK green investment after Sunak backs ‘failed tech’ carbon capture – POLITICO
LONDON — An Australian billionaire says he may step back from investing in U.K. green technologies after the government announced new backing for carbon capture and storage (CCS) technology.
Andrew Forrest, an international investor and climate philanthropist, said U.K. government plans to put billions of pounds into CCS meant “putting Britain’s hopes [on] failed technology.”
Prime Minister Rishi Sunak confirmed on Monday that the government would be investing in CCS projects in Northeast Scotland and the Humber.
The government has
The Climate Movement Wanted More Than the IRA. Now What?
Since President Joe Biden signed the Inflation Reduction Act into law in August, the first major climate legislation in U.S. history has been smothered with praise: Journalists and climate experts have suggested that the IRA will “save civilization” and herald “an unstoppable transition.” Rather than punishing companies for their emissions, the law creates numerous financial incentives to encourage the growth of green industries and subsidize eco-friendly consumer purchases such as heat pumps and electric vehicles.
The roughly $370 billion that
The Supreme Court’s EPA Ruling Is Going to Be Very, Very Expensive
Today’s major environmental ruling from the Supreme Court, West Virginia v. EPA, is probably most notable for what it did not do.
It did not say that the Environmental Protection Agency is prohibited from regulating heat-trapping carbon pollution from America’s existing power plants.
It also did not strip the EPA of its ability to regulate climate pollution at all.
In short, it did not, as some progressives feared, blast away any possibility of using the federal government’s environmental powers
Why the Energy Transition Will Be So Complicated
To appreciate the complexities of the competing demands between climate action and the continued need for energy, consider the story of an award—one that the recipient very much did not want and, indeed, did not bother to pick up.
It began when Innovex Downhole Solutions, a Texas-based company that provides technical services to the oil and gas industry, ordered 400 jackets from North Face with its corporate logo. But the iconic outdoor-clothing company refused to fulfill the order. North Face