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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.

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

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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: $1,499,997.

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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.

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

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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 is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

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Eni-BP Joint Venture Awarded Coal-Bed Methane Project in Indonesia; Potential for First Integrated CBM to LNG Project

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and operatorship); BP (26.25%); Eni (26.25%); VIC (15.625%); Opicoil, a Houston-based subsidiary of Taiwan’s CPC (20%); and Universe Gas and Oil (4.375 %). Indonesia has extensive coal reserves which have been estimated to hold up to 450 trillion cubic feet of coalbed methane by consulting firm Advanced Resources International Inc.

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Salazar: Obama Administration Keeping Oil Shale Development an Option

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The Obama Administration will push an energy plan that potentially includes production of oil shale, Interior Secretary Ken Salazar told a group of Western governors assembled in Washington at the National Governor’s Association meeting. Colorado Gov. Let’s put everything on the table.”.

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Canada Launches Algal Biofuels Project

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For dewatering the company has agreements in place with two technology providers and, through inVentures, has access to an organic sieve technology for removing water from the algae oil. In parallel, scientists are also working to develop technology to effectively extract the oil.

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