carbon capture

The Environmental Protection Agency is preparing to issue new rules that would slash the amount of planet-warming greenhouse gases produced by U.S. power plants in the coming decades, according to people familiar with the matter.  For the first time, emissions from both new and existing natural-gas plants, as well as existing coal-fired plants, would be regulated, the people said. Electric utilities would have various options for meeting the tougher standards by installing new carbon-capture systems or…

WASHINGTON—Green tax credits from last year’s climate law are likely to be far more popular than anticipated, potentially reducing carbon emissions—but also increasing costs to U.S. taxpayers, according to an emerging consensus of government and private-sector forecasters. Buyers of electric vehicles and clean-energy producers could claim tax credits worth hundreds of billions of dollars more than lawmakers expected when they passed the Inflation Reduction Act, recent estimates from Goldman Sachs…

About fifty miles southwest of Midland, Texas, deep in the oil-saturated Permian Basin, more than 100 workers are busy laying out roads and water lines, preparing to build an elaborate complex of fans, each as large as a tennis court. When they start running in 2024, the fans will suck massive amounts of carbon dioxide out of the air. The carbon will be funneled thousands of feet down deep wells into geological formations, where it should remain for centuries.  The company behind this environmental moonshot…

Both pink and blue have been used to differentiate between different methods of hydrogen production.Eve Livesey | Moment | Getty ImagesFrom Tesla's Elon Musk to European Commission President Ursula von der Leyen, the past few years have seen many high-profile names talk about the role hydrogen may — or may not — play in the planet's shift to a more sustainable future.Musk has expressed skepticism about hydrogen's usefulness, but many think it could help to slash emissions in a number of sectors, including transportation…

Middling oil producer Denbury Inc. DEN -0.27% emerged from bankruptcy in September 2020 with a collection of aging wells, pipelines to move around carbon dioxide and uncertain prospects.Today, the Dallas-based company is one of the big winners of the Biden administration’s signature climate bill. Denbury took on significant amounts of debt over the past decade acquiring oil properties and building out the pipelines, which ferry CO2 to depleted oil fields and coax out…

Agriculture companies are investing millions of dollars to develop farming programs designed to capture more carbon dioxide in fields, as a possible solution to mitigate climate change.The challenge: convincing farmers that it is worth their time, the costs of new farming practices and potentially losing out on some of their harvest in the process.  Iowa corn farmer Chris Edgington said he has looked at various carbon programs over the past year, calculating the risk of reduced crops as he…

One of the most important technologies to address climate change got a boost Thursday when a startup said it pulled carbon dioxide from the open air and stored it underground. The company has cashed in on the effort, potentially creating a viable business model that could kick-start a new industry.Climeworks AG is a leader in the race to remove carbon dioxide from the atmosphere, using a process known as direct-air capture. Customers, including Microsoft Corp. , paid a significant premium to…

Could it be that Big Oil's next big thing got a big assist from Joe Biden?Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil's first-of-its-kind deal to extract, transport and store carbon from other companies' factories implies.The deal, announced last month, calls for ExxonMobil to capture carbon emitted by CF Industries' ammonia factory in Donaldsonville, La., and transport it to underground storage using pipelines owned by Enlink Midstream. Set to start up in 2025, the deal is meant to herald a…

Sixty-five miles off the coastal Norwegian city of Bergen, a drilling rig is punching through layers of mud and rock below the North Sea. The energy firms behind the rig aren’t prospecting for oil or gas. They are searching for a place to stash vast amounts of the greenhouse gases emitted by industrial facilities across Europe.The Northern Lights project—a $2.6 billion joint venture of Shell PLC, TotalEnergies SE, Equinor ASA and the Norwegian government—is one of almost 200 …

Schlumberger Ltd. SLB 10.33% is changing its name to SLB, dropping the family name of the brothers who founded the oil-field services company nearly a century ago. The company said the punchier moniker, which is effective Monday, is meant to embrace its focus on new-age energy services, such as clean hydrogen and carbon-capture technology. The rebranding includes a new logo and comes as the company said it would focus on creating and…