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Nippon Steel to invest in Canadian coal company; steelmaking coal offtake agreement

Green Car Congress

EVR), which will be spun-off from Teck as an independent publicly-listed Canadian company and will own and operate the steelmaking coal business previously conducted by Teck. The remainder of Teck’s business will be spun-off as the independent company Teck Metals, which will focus on base metals production.

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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. The G7 – Canada, France, Germany, Italy, Japan, the UK, and the US, plus the EU – are meeting in Turin, Italy. The problem is that whilst coal power has already been falling, gas power has not.

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US DOE, Natural Resources Canada open pilot plant to advance oxy-combustion carbon capture at coal-fired power plants

Green Car Congress

The US Department of Energy (DOE) and Canada’s Natural Resources Canada (NRCan) opened a new 1 Megawatt thermal (MW th ) facility to test an advanced process to capture CO 2 emissions from coal-fired power plants. Successful results from this project will help scale up the oxy-PFBC process to commercial scale.

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Rio Tinto, Paul Wurth and SHS-Stahl-Holding-Saar partner on low-carbon iron feedstock for steel; HBI from green hydrogen

Green Car Congress

KGaA (SHS) have signed a Memorandum of Understanding to explore the viability of transforming iron ore pellets into low-carbon hot briquetted iron (HBI) (a form of Direct Reduced Iron, DRI), a steel feedstock ( earlier post ) using green hydrogen generated from hydro-electricity in Canada. Earlier post.).

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Canada moves towards reducing electricity sector emissions

Green Car Congress

Environment Canada released the text of the proposed regulations to reduce emissions from the coal-fired electricity sector. The proposed Regulations will apply a performance standard to new coal-fired electricity generation units and those coal-fired units that have reached the end of their economic life.

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Canada targets cutting GHGs 30% below 2005 levels by 2030; new regulations for oil and gas, power, petrochemicals

Green Car Congress

Canada Environment Minister Leona Aglukkaq announced that Canada plans to reduce its greenhouse gas (GHG) emissions by 30% below 2005 levels by 2030. Canada formally submitted its target, referred to as an Intended Nationally Determined Contribution (INDC), to the United Nations Framework Convention on Climate Change.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

Despite relatively low investment, EIA expects increases in drilling productivity and associated natural gas takeaway capacity from the Permian region will result in record annual US crude oil production in 2023 and 2024. EIA expects US natural gas prices to decrease, on average, through 2023 and 2024 as domestic production continues to grow.