Announcement: Premium Content sections will only be available to subscribers as of June 1, 2013.  If you are a subscriber please register for the site.  Once you register for the site use the Change My Status link from the Premium Content menu to make sure we get your user status correct.  If you are not a subscriber, you can become a subscriber for just $29 per year!  

  • Default
  • Date
  • Random
  • Montana ranked 30th in what has become one of the most significant rankings of states for business. SBE Council's "Business Tax Index 2013" pulls together 21 different tax measures, and combines those into one tax score that allows the 50 states to be compared and ranked. Among the taxes included
    Read More
  • Todd Hanna has been promoted to vice president, commercial loan officer for Stockman Bank Billings Heights. His responsibilities include developing financing packages to fit the needs of each business client, as well as servicing new and existing commercial loan relationships. Hanna has been with Stockman Bank since 2001 and has
    Read More
  • Natural gas prices have increased 130 percent over a year ago, and the surplus is dwindling according to Energy-facts.org. The price has climbed from $1.85 to $4.26/mbtu, while supplies have plunged from 900 billion cubic feet to -804 billion cubic feet. Energy-facts.org opposes an "over-reliance on natural gas," because of
    Read More
  • Employer Support of the Guard and Reserve (ESGR), a Department of Defense operational committee, announced that three Montana employers have been selected as semifinalists for the 2013 Secretary of Defense Employer Support Freedom Award. The Freedom Award is the DoD's highest honor for employers that provide extraordinary support to their
    Read More
  • Through June 16, guests at MacKenzie River Pizza locations will have a chance to vote on how much each, of seven non-profit groups, should receive from a total $20,000 donation from MacKenzie River Pizza. MacKenzie will give a portion of the donation to a worthy civic group in each area
    Read More
  • Oilfield infrastructure demand in the next five years in North Dakota and Montana is expected to soar to several billion dollars based on an average yearly 225-rig drilling program that would double the production to 1.6 million barrels a day by 2017. The need for more gas processing plants, feeder
    Read More
  • Billings is well positioned when it comes to enticing companies to locate here – at least some businesses. Identifying just exactly who those businesses are was the point of a $74,000 analysis commissioned by the Big Sky Economic Development Authority, (EDA) an agency of Yellowstone County with the mission of assisting
    Read More
  • Tom Spika and Spika Welding received the first-ever "Manufacturer of the Year" award in Helena. The award was presented by the Montana Manufacturing Council, a subsidiary of the Montana Chamber of Commerce, at the biennial Trade & Manufacturing Day at the Capitol. Governor Steve Bullock attended the presentation.
    Read More
  • A Wyoming judge rejected efforts by environmental groups to open up confidential oil company records that detail information about hydraulic fracturing chemicals. In a ruling issued March 25, Dist. Judge Catherine Wilking in Casper backed up the Wyoming Oil and Gas Conservation Commissioner, whose supervisor has refused to release chemical
    Read More
  • MRL Equipment Company, Inc., of Billings, has been named Montana's 2012 Exporter of the Year. The announcement was made during the Manufacturing & Trade Day at the State Capitol, by Governor Steve Bullock and members of the Montana District Export Council.
    Read More
  • First Monthly Decline in Retail Sales since October 2012 - Consumers cooled spending in March as the impact of colder weather across the country and harmful fiscal policy, namely the payroll tax hike, caught up to the economy and weakened retail sales. According to the National Retail Federation (NRF), the world's
    Read More
  • Billing's businessman, Steve Wahrlich, was among three statewide tourism award winners honored by the Montana Tourism and Recreation Industry at the 2013 Montana Governor's Conference on Tourism and Recreation, in Helena, March 24-26. Tourism award winners are selected for their outstanding contributions to Montana's tourism industry. Wahrlich, owner of the
    Read More
  • Plante Moran Cresa, a real estate consulting firm representing Elizabeth Zeiler, announced that the City of Billings, has approved the annexation and rezoning of the 63.32 acre farm located at 1236 Mullowney Lane along Highway 90. The Zeiler family has owned and operated the farm for nearly 100 years and
    Read More
  • Philipsburg is looking for a few good families. The tiny Montana Silver Rush town (pop. 840) is seeking its next wave of pioneers, this time the New Millennium kind. The local Rotary Club and other community leaders have launched a yearlong media campaign targeting the growing members of the new
    Read More
  • Medicaid Expansion The Montana Chamber held a teleconference with the full Board of Directors to discuss proposals to expand Medicaid to individuals and families under 138 percent of the Federal Poverty Level via funding from the Patient Protection and Affordable Care Act. The Chamber discussed the pros and cons of
    Read More
  • Livingston HealthCare and Billings Clinic signed a formal affiliation agreement culminating a thoughtful process to structure a new governance arrangement between the two organizations. In the new arrangement, Billings Clinic will continue providing management services for Livingston HealthCare as it has for the past 11 years. Additionally, Billings Clinic will
    Read More
  • Green technology is on the horizon, and in one of the most unlikely places; the Bakken oil patch. Innovative Montana co-founders of the Billings business G2G Solutions (Gas to Green) have created an ingenious solution for one of the Bakken's "hottest" issues—flared gas. Helena's Mark Peterson took time from his
    Read More
  • Construction of the Dakota Prairie Refinery began March 26 with a groundbreaking ceremony held by the developers, MDU Resources Group, Inc. and Calumet Specialty Products Partners, L.P. Construction of the diesel refinery, on a 318-acre site located west of Dickinson, N.D. is expected to take approximately 20 months. The refinery
    Read More
  • Construction employment increased in 145 out of 339 metropolitan areas between January 2012 and January 2013, declined in 141 and was stagnant in 53, according to a new analysis of federal employment data released recently the Associated General Contractors of America. Association officials noted that after years of declining construction
    Read More
  • CHS, Inc. will spend $15 million for a seven-mile crude pipeline at Buffalo, Montana to connect with Kinder Morgan's Express Pipeline, which will increases access to Canadian crude oil for its refinery in Laurel. Construction will start this summer on the line and associated equipment and is expected to be
    Read More

Research Council Reports Coal with CCS Outperforms Alternatives

User Rating:  / 0
PoorBest 

Research Council Reports Coal with CCS Outperforms Alternatives

Coal with carbon capture and storage (CCS) offers the best long-term potential to serve U.S. electricity growth by 2035, providing more than three times the generation of nuclear power and nearly triple the power of hydroelectric, wind and solar sources combined.

The report’s authors, including U.S. Secretary of Energy Dr. Stephen Chu, call for the construction of up to 20 retrofitted and new CCS plants in the United States by 2020.

That’s the conclusion of “America’s Energy Future: Technology Opportunities, Risks and Tradeoffs,” a study released by the National Research Council, a group that includes the National Academy of Sciences and the National Academy of Engineering. The study committee features numerous distinguished academic leaders, including Chair Dr. Harold T. Shapiro of Princeton University; Dr. Mark S. Wrighton, Vice Chair of Washington University in St. Louis; U.S. Secretary of Energy Dr. Steven Chu; and Dr. Lester B. Lave of Carnegie Mellon University.

The Council estimates that the current coal fleet could be retrofitted to capture and store carbon to generate 1,200 terawatt hours of energy annually by 2035, while new CCS plants would add another 1,800 terawatt hours of power to the national energy grid. This compares to just 794 terawatt hours produced by nuclear plants and 1,100 for multiple renewable sources. Taken together, CCS technologies have the scale and low cost to meet much of the projected power consumption needs in the United States: “In combination, the entire existing coal power fleet could be replaced by CCS coal power by 2035,” the authors write.

The Council’s key finding: Broadly developing and deploying CCS technology must be an urgent priority if the United States is to meet growing energy demand and address unprecedented global price volatility during the coming decades.  The report’s authors call for the construction of up to 20 retrofitted and new CCS plants in the United States by 2020.

“There is no technological ‘silver bullet’ at present that could transform the U.S. energy system,” the Council cautions. A balanced portfolio of existing and new energy technologies along with greater energy efficiency is needed. The authors identify coal with CCS as the best low-cost, low-carbon option to address America’s energy security, economic and environmental needs in the 21st Century.

The authors conclude that, while natural gas is an important source, it is not clear that it can meet growing needs at competitive prices. Indeed, the authors find that increased use of oil or natural gas could hinder America’s energy independence goals and drive up costs: “The United States needs to lower its dependence on fragile supply chains for some energy sources, particularly petroleum at present and possibly natural gas in the future, and avoid the impacts of this dependence on our nation’s economy and national security.”

Changing how Americans generate, supply, distribute and use energy will be an immense undertaking and requires swift action, according to the study. The Council urges policymakers to expand tax credits and loan guarantees and to provide the regulatory certainty necessary to support energy innovation: “Even with the most enlightened policies, the overall energy enterprise, like a massive ship, will be slow to change course… The urgency of getting started on these demonstrations to clarify future development options cannot be overstated.”

 

 

 


The Big Sky Business Journal
P.O. Box 3262
Billings, MT 59103