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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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Alberta to Award C$285M to Underground Coal Gasification with Carbon Capture Project for Power Generation; 75% Lower GHG Intensity Than Existing Coal-Fired Generators

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The Province of Alberta (Canada) has executed a letter of intent with Swan Hills Synfuels to provide a C$285 million (US$273 million) grant in support of a underground coal gasification (UCG) project that will reduce emissions by capturing and sequestering more than 1.3 Swan Hills calls the process in situ coal gasification (ISCG).

Coal 210
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National Academies Report Examines Hidden Cost of Energy Production and Use in US; Estimates $120B in 2005

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Source: “Hidden Costs of Energy”. Source: “Hidden Costs of Energy”. The committee also separately derived a range of values for damages from climate change; the wide range of possibilities for these damages made it impossible to develop precise estimates of cost. Coal accounts for about half the electricity produced in the US.

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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

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In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

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Sasol to Study Viability of $10B Coal-to-Liquids Project in Indonesia

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Sasol and the Indonesian government have signed a preliminary agreement to study the viability of developing a coal-to-liquids facility project in Indonesia, with estimated project cost of more than $10 billion. This is in line with Indonesia’s energy policy, which aims to diversify from oil to coal.”.

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DOE awards $7M to eight oxy-combustion coal technology projects; carbon capture, utilization and storage

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The US Department of Energy (DOE) selected eight projects to advance the development of transformational oxy-combustion technologies capable of high-efficiency, low-cost carbon dioxide capture from coal-fired power plants. DOE Investment: $1,000,000; Recipient Cost-Share: $391,000. University of Kentucky Research Foundation.

Coal 250
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

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