What does it take to get Steven “Coal is My Worst Nightmare” Chu and Mike “I Quite Like Coal” Morris singing from the same hymnal? A successful clean-coal project, it seems. Our colleague Becky Smith reports in The Wall Street Journal today that American Electric Power boss Mike Morris is thrilled by the early progress on its first carbon-capture project in West Virginia, which has “exceeded expectations.” Now, the sky’s the limit: As a result, he believes AEP will be able to retire 25% of its coal-burning power plants and install advanced carbon-capture equipment on the remaining 75%.
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The ailing biodiesel industry has been playing weeping violins for a while, but its latest plea for help has a decided Doomsday ring. If Congress lets a $1-a-gallon tax credit for blenders expire at the end of the year, biodiesel makers could end up curtailing all production, according to a report released this week by the National Biodiesel Board. Associated Press Blast stains after an explosion in early December at a Seattle-biodiesel plant. Crude oil futures rose above $64 on signs of a recovery in Chinese demand, Bloomberg reports. China’s appetite for oil is sure present: Two Chinese firms paid $1.3 billion for part of Marathon’s oil fields off Angola , in the WSJ. |
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