article thumbnail

DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

Green Car Congress

San Juan River-Raton-Black Mesa Basin (Arizona, Colorado and New Mexico): New Mexico Institute of Mining and Technology plans to determine the rare earth elements and critical minerals resource potential in coal and related stratigraphic units in the San Juan and Raton basins in New Mexico. DOE Funding: $1,204,129.

article thumbnail

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

Green Car Congress

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’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

Oil 186
article thumbnail

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

Green Car Congress

Noting that coal accounts for roughly 25% of the world energy supply and 40% of the carbon emissions. Chu said that it was highly unlikely that the US, Russia, China and India, which account for two-thirds of the coal reserves, “ will turn their back on coal anytime soon.”.for C6 Resources. DOE Share: $3,014,666).

Carbon 210
article thumbnail

DOE Selects 15 Projects Aimed at Secure CO2 Underground Storage

Green Car Congress

Geologic storage is currently focused on five types of formations:(1) depleted oil and gas reservoirs, (2) deep saline formations, (3) unmineable coal seams, (4) oil- and gas-rich organic shales, and (5) basalts. The selected projects are described below: Advanced Resources International, Inc. Arlington, Va.) Lawrence, Kan.)

CO2 199
article thumbnail

The EV Transition Explained: Policy Roadblocks

Cars That Think

economy away from dependence on fossil fuels like petroleum, coal and natural gas to 100 percent carbon-free electricity by 2035. Mike Love of Toyota is at the podium at a meeting of the California Air Resources Board, with chair Mary D. Such is the case with the Biden Administration’s attempted transition of the U.S.

Grid 106
article thumbnail

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

Green Car Congress

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. Coverage: In 2012–50% of emissions. In 2015–nearly 90% of emissions.

Gas 244