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Arctic oil on life support

Green Car Congress

Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. Statoil, the semi-state-owned oil company from Norway, has been an offshore leader and Arctic pioneer.

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Alberta CCEMC providing $46M for carbon capture and storage and cleaner energy projects in oil sands region

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Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.

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Study: expanding Brazilian sugarcane for ethanol could reduce global CO2 emissions by up to 5.6%

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However, it could be accomplished without impinging on environmentally sensitive areas in Brazil and while allowing for the expansion of other agricultural crops and human needs, the researchers report in a paper in the journal Nature Climate Change. of crude oil consumption and 1.5–5.6% Gigatons yr −1. This would displace 3.8–13.7%

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New study confirms extensive gas leaks in the North Sea; recommends stricter guidelines for handling of abandoned wells

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Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas wells in the North Sea. On the basis of investigations directly on the seafloor it was possible to determine the amount of escaping gas.

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Government of Canada approves $11B Pacific NorthWest LNG Project

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Sinopec, JAPEX, Indian Oil Corporation and PetroleumBRUNEI are minority shareholders in the Pacific NorthWest LNG project. The project is subject to over 190 legally binding conditions that will lessen the environmental impacts of the project.

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CCEMC launches $35M international challenge to find useful applications for carbon

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Alberta-based Climate Change and Emissions Management Corporation (CCEMC) ( earlier post ) has issued a $35-million open innovation international challenge to create new, carbon-based products and markets. While submissions are being invited from around the world, all technologies must be applicable to Alberta.

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The Family Clean Energy Rebate Program would use 60% of the funds from the carbon fee and use the model developed by Alaska’s oil dividend to provide a monthly rebate to every legal US resident to offset potential energy price increases. Rebate program. International sources.