- Lamont County Environment - http://lce.folc.ca -
Europe’s Green Lobby Fighting For Survival
Posted By Walter Schneider On December 20, 2011 @ 7:04 pm In Shell CCS Project, Emission Incidents & Issues | 1 Comment
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…. ([1] Full Story)
1 Comment To "Europe’s Green Lobby Fighting For Survival"
#1 Comment By Walter Schneider On December 20, 2011 @ December 20, 2011
Keep in mind that the cost of carbon capture and storage is either being added to the rates you pay for electric energy or to your taxes or both.
That is not all. Higher taxes and higher costs of electric energy drive up the cost of mining, manufacturing, retailing and everything else involved to bring you consumer goods and services. The end consumers, and you are one of them, pay for all of the cost increases due to carbon capture and storage, including all of the additional profit margins and taxes that are being charged over and above that at all of the intermediate stages in the provisioning process of consumer goods and services.
Article printed from Lamont County Environment: http://lce.folc.ca
URL to article: http://lce.folc.ca/2011/12/20/europes-green-lobby-fighting-for-survival/
URLs in this post:
[1] Full Story: http://www.thegwpf.org/international-news/4607-europes-green-lobby-fighting-for-
survival.html
Click here to print.