Exxon Mobil recently announced a renewed partnership with Fuel Cell Energy aimed at bringing Carbon Capture and Sequestration [CCS] technology into mainstream usage. The two companies have been collaborating on the project for several years and the latest announcement may be seen as a re-affirmation of Exxon’s investment in the program.
It must have been baffling to watch. When the details of the Paris agreement were announced in December, many predicted it would be troubling news to Canada’s greatest emitter of greenhouse gases, Alberta, and by proxy, the province’s worst offender, the oil sands.
OSLO (Reuters) - The Norwegian government has asked oil and gas firm Statoil to conduct new studies on carbon storage on the Norwegian continental shelf, the firm said on Monday.
The UK, as part of government-wide spending cuts announced Wednesday, scrapped plans to award up to £1 billion ($1.5 billion) to kickstart CCS, putting two advanced projects in doubt and dealing a severe blow to the nascent technology’s future in Europe. - See more at: http://carbon-pulse.com/12513/#sthash.HC438r2V.dpuf
A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum said Tuesday.
The National Oceanic and Atmospheric Administration (NOAA) made it official last week. The current El Niño is classified as a strong event.
An El Niño falls into the “strong” category if weekly sea surface temperatures depart from the average by more than two degrees Celsius.