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Part of Elon Musk’s $15B tax bill will likely end up helping the fossil fuel industry

Teslarati

As per a report from The Environmental and Energy Study Institute , direct subsidies to the fossil fuel industry in the United States amount to a whopping $20 billion per year, about 80% of which go towards oil and gas. The remaining 20% is allocated for coal. Conservative estimates put U.S.

Tax 145
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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

Green Car Congress

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.

Coal 186
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Accelergy Begins Production of Synthetic Jet Fuel from Coal and Biomass; USAF to Evaluate for 100% Synthetic Fuel Use

Green Car Congress

Accelergy Corporation has begun production of a synthetic fuel from coal and biomass, to be evaluated by the United States Air Force (USAF) as the industry benchmark for 100% synthetic jet fuel. Camelina oil. Tags: Aviation Biomass Coal Coal-to-Liquids (CTL) Fuels. Groenewold, Director of the EERC.

Coal 218
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Transcanada restarts Keystone oil sands pipeline operations

Green Car Congress

TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. Click to enlarge. Earlier post.)

Oil-Sands 218
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. Green-technology corporations dominate the Fortune 500 by 2030.

Carbon 207
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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

Exxon Mobil Corporation is acquiring XTO Energy Inc. 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. in an all-stock transaction valued at $41 billion.

Oil 186
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Tesoro and Savage form JV for crude-by-rail unloading and marine loading facility at Port of Vancouver USA

Green Car Congress

Tesoro Corporation subsidiary Tesoro Refining & Marketing Company LLC and Savage Companies have formed a joint venture to develop and to operate a new 120,000 barrel-per-day (bpd) crude-by-rail unloading and marine loading facility at the Port of Vancouver, Wash., subject to approval by regulatory agencies and Port Commissioners.

Mariner 210