Here is Gristmill’s take (citing a Greenwire story) on a Citigroup report downgrading coal shares. Much can be said of the report (HSBC Global Research also downgraded coal stocks recently), but I’ll let Citigroup speak for itself: … prophesies of a new wave of coal-fired generation have vaporized, while clean coal technologies such as IGCC [...]
Archive for July, 2007
on the downgrade
Posted in carbon capture & storage on 26 July 2007 | Leave a Comment »
Soft Pedaling Hard Truths
Posted in carbon capture & storage, global warming on 24 July 2007 | 1 Comment »
The National Petroleum Council (NPC) recently released a report–Facing the Hard Truths About Energy (executive summary). The report was requested in October of 2005 by Secretary Bodman of the Department of Energy. The hard truths that the NPC articulated are: Coal, oil, & natural gas are indispensable . “The world is not running out of [...]
The Best of Fuels, The Worst of Fuels
Posted in carbon capture & storage on 13 July 2007 | Leave a Comment »
The need for carbon capture and storage (CCS) is premised upon a steady supply of relatively inexpensive coal. Several recent reports question this premise. In summary, the reports find that much of the data on coal reserves is old, unreliable, and based on assumptions that are no longer valid. In some areas, reserves are declining [...]
Carbon Capture Capers
Posted in carbon capture & storage on 11 July 2007 | 1 Comment »
Greenwire’s (subscription only) Daniel Cusick reported today about leaked information from a classified report. The report, prepared by DOE’s National Energy Technology Laboratory, states that the chilled ammonia process for post-combustion carbon dioxide capture does not show “any significant improvement” over amine scrubbing. If confirmed, this would be bad news for those companies that are [...]
Commercial Viability of CCS
Posted in carbon capture & storage on 10 July 2007 | 2 Comments »
Two carbon capture and storage (CCS) projects previously mentioned on this blog, BP’s project in Scotland and Statoil and Shell’s joint venture in Norway, have both been canceled. Although various reasons were given, it is worth noting that both projects involved using the captured CO2 for enhanced oil recovery (EOR). A BP spokesperson made references [...]
