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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

Oil 186
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DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

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Energy Secretary Steven Chu wrote an editorial for the 25 September 2009 special issue of the journal Science on carbon capture, in which he addressed the magnitude of the challenge. Noting that coal accounts for roughly 25% of the world energy supply and 40% of the carbon emissions. DOE Share: $3,014,666). C6 Resources.

Carbon 210
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DOE to Award $106M to Six CO2 Conversion Projects; $156M in Matching Private Funding

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The six projects were initially selected for a first-phase funding in October 2009 as part of a $1.4 Triadelphia, WV) This project will pilot-test an open-pond algae production technology that can capture at least 60% of flue gas CO 2 from an industrial coal-fired source to produce biofuel and other high value co-products.

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Perspective: The UN Approval Process for Carbon Offsets

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Since 2005, when major greenhouse-gas emitters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there has been more than $300 billion worth of carbon transactions. Perspective by Brian J. Donovan, CEO of Renergie, Inc. INTRODUCTION. 100% for some agricultural processes.

Carbon 255
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Perspective: The Role of Offsets in Climate Change Legislation

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coal-fired power plants) would either be required by the emissions cap. Methane (CH 4 ) emissions from landfills, livestock operations, or coal mines (GWP = 25). Hydrofluorocarbon (HFC) emissions from specific industrial processes, such as HFC-23 emissions from production of a refrigerant gas (GWP of = 14,800). About the Author.

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DOE Awards $377 Million in Funding for 46 Energy Frontier Research Centers

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With the initiation of the EFRCs in April 2008, the Department of Energy (DOE) budgeted approximately $100 million for multiple EFRC awards starting in FY 2009. Discover, understand, and control efficient chemical pathways for the conversion of coal and biomass into chemicals and fuels. Louisiana State University.

Energy 150
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. greenhouse gas emissions. Participating U.S.

Gas 244