Carbon Capture – Page 5

Cowboy Clean Fuels announces significant funding award to support commercialization of technology and build out of initial project in Wyoming

January 18, 2024

Oil and Gas 360 The Wyoming Energy Authority has awarded CCF approximately $7.8 mm through the Energy Matching Funds program Machan Investments, CCF’s lead investor, has committed an additional $7.8 mm in equity capital to match and enable the funding award GILLETTE, Wyoming – January 17, 2024 – Cowboy Clean Fuels, LLC (“CCF,” “we,” “us,” “our,” or “the Company”), a

US energy tax credit trading grows to as much as $9 billion, study finds

January 16, 2024

Nasdaq NEW YORK – Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows. President Joe Biden’s climate law aimed to stoke trillions of dollars of investment to wean the economy

Yellen says clean energy tax credits will help Americans save money, more work needed

January 10, 2024

Yahoo Finance BOSTON – U.S. Treasury Secretary Janet Yellen said on Wednesday that more work was needed to lower living costs for Americans but the Biden administration’s clean energy tax credits will help save people money and shield them from future price volatility in fossil fuel energy. Yellen, on a visit to a Boston community college to make a sales

US unveils clean hydrogen plan, nuclear power role uncertain

December 22, 2023

Nasdaq WASHINGTON (Reuters) – The U.S. proposed rules on Friday for how energy companies can access billions of dollars in tax credits for producing low-carbon hydrogen using new clean energy sources but left thorny issues, such as how nuclear power could benefit, uncertain. The credit will be based on the life-cycle greenhouse gas emissions from the power source used in hydrogen production,

Frontier Carbon Solutions secures first permits for Sweetwater carbon storage hub in Wyoming

December 20, 2023

World Oil (WO) – Frontier Carbon Solutions, a project developer in the carbon capture, utilization, and sequestration (“CCUS”) sector, has received the first three Class VI UIC permits issued by the Wyoming Department of Environmental Quality (“DEQ”). This key milestone for Frontier’s first carbon storage hub in southwest Wyoming, the Sweetwater Carbon Storage Hub represents the first Class VI permits

Nabors Industries completes its most impactful energy transition investment to date

December 19, 2023

Oil and Gas 360 Welcomes Vast to its Portfolio of Clean, Renewable, Scalable, Dispatchable Energy Technology Investments HAMILTON, Bermuda, Dec. 19, 2023 /PRNewswire/ — Nabors Industries Ltd. (NYSE: NBR, “Nabors”) issued the following statement today from Chairman, President and CEO Anthony G. Petrello regarding the closing of the previously announced business combination between Nabors Energy Transition Corporation (“NETC”), the special purpose acquisition company

EXCLUSIVE-Biden poised to deliver win for ethanol makers on SAF credits

December 14, 2023

Nasdaq NEW YORK – The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy’s Greenhouse Gases,

New COP28 draft deal stops short of fossil fuel ‘phase out’

December 11, 2023

Nasdaq DUBAI – A draft of a potential climate deal at the COP28 summit on Monday offered various options to reduce greenhouse gas emissions, but stopped short of the full “phase out” of fossil fuels many nations have demanded. U.N. Secretary General Antonio Guterres said a central benchmark of success for COP28 would be whether it yields a deal to reduce coal,

The oil demand outlook COP28 leaders would hate

December 7, 2023

Oil Price This week, a report from a climate organization warned that emissions from the combustion of hydrocarbons are set for a record this year. This is despite the massive buildout of wind and solar capacity, hundreds of billions of investments in alternatives of hydrocarbons, and pledges for a lot more. There appears to be a gap between stated goals and

ANALYSIS-Nuclear sector must overcome decades of stagnation to meet COP28 tripling goal

December 7, 2023

Nasdaq DUBAI – The global nuclear industry got a morale boost at the COP28 climate summit in Dubai after more than 20 nations vowed to triple capacity by 2050. But reaching that goal will require the industry to overcome regulatory hurdles, financing obstacles, fuel bottlenecks, and public safety concerns that have contributed to a long history of project delays and decades of

Texas commissioner slams Biden’s “onerous” methane rules that increase oil, gas prices

December 6, 2023

World Oil AUSTIN – Railroad Commissioner Wayne Christian issued a statement regarding new onerous methane rules proposed by the Biden administration’s Environmental Protection Agency (EPA). “While costs for hard-working Americans are up nearly $11,000 this year everywhere from the gas pump to the grocery store, President Biden’s solution to inflation is to increase regulations that will make American oil and

On COP28 sidelines, philanthropies invest $450 million to help tackle methane

December 4, 2023

Yahoo News DUBAI – Nearly a dozen deep-pocketed philanthropies announced on Saturday they will invest $450 million over the next three years to help countries launch national actions to tackle methane, the second-most prominent greenhouse gas, which has become a new focus of global climate negotiations. The philanthropies, which include the Bezos Earth Fund, Bloomberg Philanthropies and the Sequoia Climate

Premium Content