Carbon Sequestration

Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide. Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

A Canadian power plant holds lessons as the Environmental Protection Agency proposes new greenhouse gas rules for U.S. utilities. A Canadian power plant holds lessons as the Environmental Protection Agency proposes new greenhouse gas rules for U.S. utilities. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

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…

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…

J.P. Morgan Asset Management’s timber-investing arm has acquired about 250,000 acres in the Southern pine belt for more than $500 million, Wall Street’s latest big woodlands purchase made with an eye toward carbon markets. The wealth manager said its Campbell Global unit, which invests on behalf of pension funds, foundations and other institutional investors, will manage the commercial forests in Mississippi, Oklahoma and Arkansas for wood production as well as carbon capture.…

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…

PLANCHÓN, Peru—More than a decade ago, Leonardo Racua was one of the first people in Peru to agree to help preserve the Amazon rainforest in exchange for cash from the sale of carbon credits. He built a thatched-roof home in the country’s southern Madre de Dios state and harvested Brazil nuts that fall from massive trees deep in the jungle. It wasn’t until last year that Mr. Racua received an $8,000 payment, his first cash from the sale of carbon credits.  The money was his share of nearly…