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Jordan signs $2B oil shale investment agreement with Saudi company

Green Car Congress

The government of Jordan and the Saudi Arabian Corporation for Oil Shale (SACOS) recently signed a $2-billion agreement under which the government grants the Saudi company the right to extract and to develop the oil shale resources in the Attarat Um-AL-Ghudran region covering an area of 11 square kilometers.

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Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world

Green Car Congress

Jordan’s Council of Ministers on Sunday endorsed all agreements prepared by the national electricity company with Estonian company Enefit which will carry out a mega oil shale energy project in the Kingdom. billion project, which will be the largest oil shale venture in the region and the world. Earlier post.). Earlier post.).

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

Green Car Congress

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.

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Study finds EVs are lowering electricity bills for all customers, not just EV owners – Charged EVs

Baua Electric

The analysis , which was commissioned by the National Resources Defense Council, and performed by Synapse Energy Economics, compared the prices EV owners paid for electricity with the costs for utilities to build power plants and to generate and distribute the energy. EV drivers are saving money too.