You are currently browsing the Lamont County Environment weblog archives for December, 2011.
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- December 20, 2011: Europe's Green Lobby Fighting For Survival
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- October 27, 2011: CCS solutions start with the Government of Alberta?
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Archive for December 2011
Europe’s Green Lobby Fighting For Survival
December 20, 2011 by Walter Schneider.
Tuesday, 20 December 2011 21:59
Gabriele Steinhauser, The Associated Press
From the article:
By last week, the price of one emission allowance had tumbled to a meager euro6.41 — making it much cheaper to pollute and slashing the financial incentives for companies to invest in low-carbon technologies….
Shell, which is mostly known for selling oil and gas, has been one of the pioneers of carbon capture and storage, projects in which CO2 emissions are stored underground so they don’t get released into the atmosphere and contribute to global warming. But investing in new technologies like carbon capture and storage only becomes commercially viable at a carbon price of between euro25 and euro30, Hone said.
“Over the last few months, we have seen some of these projects disappear,” he added.
In October, the U.K. government shut down the carbon capture project in Longannet in eastern Scotland in which Shell was one of the partners…. (Full Story)
Posted in Shell CCS Project, Emission Incidents & Issues | Print | 1 Comment »