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OP engine developer Achates Power closes $29.8M Series D; OGCI Climate Investments comes onboard

Green Car Congress

The Oil and Gas Climate Initiative (OGCI), is a CEO-led initiative of 10 oil and gas companies that collaborate on action to lead the industry response to climate change. This investment closes the Series-D offering through which Achates Power has raised $29.8 Zermeno, R.,

Climate 170
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Converting Oil Shale to Gasoline via Alberta Taciuk Processor Results in Full Fuel Cycle GHG Emissions 1.5-1.75 Larger Than From Conventionally Produced Gasoline

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Oil shale is a fine-grained sedimentary rock containing kerogen—a solid organic precursor to oil and gas—from which hydrocarbon gases and liquids (HCs) can be obtained through the application of heat. Mbbl of shale oil from 2.7 More recently, OSEC has proposed using the Petrosix process, another oil shale retorting technology.

Gasoline 239
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New Study Concludes Substantial Quantities of Greenhouse Gas Emissions from Land-Use Change in the Boreal Forests for Oil Sands Production Are Unreported

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A new study released by Global Forest Watch Canada finds that significant amounts of greenhouse gases are emitted through the disturbance and/or removal of biocarbon (trees, shrubs, peats), which overlay Alberta’s oil sands. These land-use change emissions have not previously been measured nor reported by governments and industry.

Oil-Sands 191
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EEA: increase in EU GHG emissions, mostly due to transport, hampers progress towards 2030 targets

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The slight increase prolongs a relatively stable trend in emissions observed since 2014, after a 10-year period of almost continuous reductions between 2004 and 2014. The rise is mostly due to the increase of oil consumption from road transport. The rise was mostly driven by the road transport sector.

Emissions 257
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. By the time REFF West occurred in October 2008 the climate had changed dramatically.

Financing 150