Schlumberger New Energy, Chevron Corporation, Microsoft, and Clean Energy Systems recently announced plans to develop a bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California.
Climate Action Alliance of the Valley climate, energy news roundup: March 7
Published Sunday, Mar. 7, 2021, 6:56 pm
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Front Page » Local/State » Climate Action Alliance of the Valley climate, energy news roundup: March 7
Climate Action Alliance of the Valley produces The Weekly Roundup of Climate and Energy News. Excerpts from a recent Roundup follow; full Roundup is here.
Politics and Policy
The Senate Energy and Natural Resources Committee voted 11-9 to advance to the full chamber Rep. Haaland’s (D-NM) nomination to head the Interior Department. Interior is moving to lock in key parts of Biden’s climate agenda, particularly on oil and gas restrictions. Energy Secretary Granholm is ready to reactivate her department’s loan program that went mostly unused in the last four years, with
Schlumberger New Energy, Chevron, And Microsoft Collaborate On Carbon Negative Bioenergy
Clean Energy Systems technology to remove the equivalent of CO
2 emissions from 65,000 homes
Schlumberger New Energy, Chevron Corporation, Microsoft and Clean Energy Systems today announced plans to develop a ground-breaking bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California.
The BECCS plant will convert agricultural waste biomass, such as almond trees, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity. More than 99% of the carbon from the BECCS process is expected to be captured for permanent storage by injecting carbon dioxide (CO
The Nasdaq got clobbered (again) as investors pulled out of Big Tech (SPY -1.2%). Gigafactory demand leads to price explosion in battery-grade lithium.
The Market in Perspective
Here are the headlines moving the markets.
Clean Energy Investing Is Becoming A Bubble Remember when EV and hydrogen truck maker Nikola listed last year? The stock soared in the first months of trading, only to slump heavily just a few months later after allegations were madeand later confirmedthat the CEO of the company had misled investors about its products. According to some analysts, many companies like Nikola are out there touting EVs, solar, wind, and hydrogen. And many of them will sink, taking their investors down with them. Every green energy proposal we have examined relies on the trifecta of wind,
Premium Content
Oil Flirts With $70 After The OPEC+ Surprise By Josh Owens - Mar 05, 2021, 2:00 PM CST
Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online.
In this week s Global Energy Alert, our trading team delves into how an inflationary environment will impact oil stocks.
Friday, March 5th, 2021
Oil skyrocketed on Thursday after OPEC+ decided to hold off on easing production cuts for another month, surprising the oil market. WTI and Brent shot up more than 4%. During early trading on Friday, Brent surpassed $69 per barrel,
OPEC+ extends cuts, surprising market. OPEC+ extended the cuts through April, aside from a slight increase allowed for Russia and Kazakhstan, due to seasonal consumption patterns. Even Saudi Arabia decided to keep its 1 mb/d of voluntary cuts in place. The surprise news led to a price surge. “One of the reasons the market is continuing to react positively today cou