MINNEAPOLIS – Wyoming Governor Matt Mead and Montana Governor Steve Bullock, along with colleagues and officials in 12 other states, released a new report today outlining growing opportunities for capturing carbon dioxide for use in enhanced oil recovery (CO2-EOR) with geologic storage. Continue reading »
Over the last two decades, GPI has been successful in tackling complex energy challenges because we know how to bring people together to work toward building a Better Energy future.
Over time, we’ve come to call many of these people – and those who support our work – partners, colleagues, and friends. In other words, this is our Better Energy Community. Last year, we launched the Energy Innovation Celebration as an annual gathering of this community and an opportunity to celebrate positive change on energy and climate. Continue reading »
Recently, top coal, electric power, oil, ethanol, and other companies, key industrial labor unions and prominent national environmental and climate organizations joined forces for the first time in calling on Congress to support a federal incentive for carbon capture and storage (CCS) that would simultaneously increase domestic oil production and reduce carbon emissions. Continue reading »
Amidst the deeply polarized presidential race and congressional politics, something remarkable happened this month – an unprecedented coalition of key industry, labor, and environmental interests came together to urge Congressional action in support of an essential energy production and carbon reduction strategy – carbon capture, utilization, and storage (CCUS). Continue reading »
February 3, 2016
The Honorable Kevin Brady
The Honorable Sander Levin
U.S. House Committee on Ways and Means Washington, DC 20515
Dear Chairman Brady and Ranking Member Levin:
On behalf of the undersigned member companies and organizations, we request that Congress include a permanent extension of the Section 45Q Tax Credit for Carbon Dioxide Sequestration in a technical corrections act or other appropriate legislation. Section 45Q provides a per ton tax credit for the storage of carbon dioxide (CO2) through the use of enhanced oil recovery (EOR) and is the most important benefit in the tax code for incentivizing carbon capture utilization and storage (CCUS) at power plants and industrial facilities. Continue reading »
Industry, labor, and environmental groups today called on Members of Congress to support legislation to be introduced by Congressman Mike Conaway (R-TX) to make permanent the existing federal carbon capture and storage incentive known as Section 45Q. The incentive is designed to spur commercial deployment of technologies to capture carbon dioxide emissions from power plants and industrial facilities for use in enhanced oil recovery (CO2-EOR), while permanently and safely storing that CO2 underground. Continue reading »
Last year witnessed significant achievements toward the transition to a lower-carbon economy. A historic agreement among over 180 countries to collectively reduce greenhouse gas emissions was reached in Paris in December. Also there, 20 countries announced the Mission Innovation initiative, which is aimed at doubling clean energy research and development in the next five years. Continue reading »
Recently, I had the opportunity expand my education in the whole range of technologies that are currently being investigated by scientists around the world to remove greenhouse gases from the atmosphere.
The appropriately named “Oxford Greenhouse Gas Removal Conference,” hosted by Tim Kruger at the Oxford Martin School, was devoted to assessing the state of the science for carbon removal technologies and developing strategies for making progress in deploying them. Continue reading »
It’s no secret that the world has come to depend almost entirely (87%) on fossil fuels—coal, oil, and natural gas—for meeting our energy needs. Since the Industrial Revolution the discovery and use of fossil fuels have led to the largest increase in human well-being ever experienced, quite literally making modern life possible (think electricity, medicine, computers). Continue reading »
Located in westernmost China and home to the historic Silk Road that made this region a crossroads of Central Asia, the province of Xinjiang today plays the role of major energy producer, supplying China’s 1.35 billion people and burgeoning economy with fuels, chemicals, fertilizer and other products derived from the province’s abundant coal and oil reserves. If government and industry leaders in Xinjiang and Beijing play their cards right, this region of China can also become a world-class hub for carbon capture and storage, helping China to satisfy its urgent need to expand domestic energy production and to meet it national commitment to reducing greenhouse gas emissions.
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