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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

Coal 210
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USGS/BOEM study identifies method to differentiate between natural seepage and produced oils in waters off Southern California

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Resource managers now have a method to determine the source of oil found in the waters off Southern California and differentiate between naturally seeped oils and those produced by offshore oil and gas production.

Oil 199
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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

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The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet (6 Mcf) of compressed CO 2 injected into the oil field. urea production. CO 2 capture and shipment via pipeline shown at top.

Coal 186
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BG Group sanctions US$15B coal seam gas to LNG project; first such

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BG Group has approved implementation of the first phase of a US$15-billion project to convert coal seam gas (CSG) to LNG—the first major commercial project to do so. Total gross discovered coal seam gas reserves and resources presently amount to an estimated 17.3 Those contractors include: Bechtel Oil and Gas, Inc.,

Coal 210
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China to be Site of First Commercial Implementation of TRIG Coal Gasifier

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The contract award marks China as the site for the first worldwide commercial implementation of the TRIG technology with the goal of producing low-emission, coal-based electricity. TRIG coal gasification technology was co-developed developed by Southern Company, KBR Inc., (Dongguan TMEP) in Guandong Province, Peoples Republic of China.

Coal 236
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$3.8 Trillion FY 2011 US Budget Proposal Boosts Department of Energy Spending

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trillion FY 2011 Budget to the US Congress. The President’s 2011 Budget provides $28.354 billion for the Department of Energy (DOE) in discretionary budget authority—an 8.9% billion in tax subsidies for oil, coal and gas industries. 41 million for water power. 2010 est. 2011 prop. Water power.

2011 231
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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Oil demand reaches 99.7

Global 225