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http://www1.voanews.com/english/news/asia/US-Clean-Energy-Companies-Seek-Sales-in-Asia-During-Trade-Mission-to-China-Indonesia-93635614.html
US Clean Energy Companies Seek Sales in Asia During Trade Mission to China, Indonesia
Jim Stevenson | Washington 12 May 2010
U.S. Commerce Secretary Gary Locke opens a 10-day trip to China and Indonesia on Saturday to promote the sale of clean energy technologies. The mission will include representatives from large and small U.S. energy companies.
Secretary Locke outlined the purpose of his trip at the Foreign Press center in Washington Wednesday. "Energy is a $6 trillion market. And green energy is the fastest growing sector. The race to develop the new technologies the world will one day rely on is a race that this nation and all developed nations must engage in," he said.
The Commerce Secretary said his agency will be a conduit to create trade opportunities for U.S. companies. Joining him will be 46 business executives from 29 U.S. firms that have developed advanced technologies to burn coal in a cleaner and more efficient manner, generate power from the wind and convert sunlight into electricity.Listen to Jim Stevenson's interview with Secretary Locke
for more information about the Asian trade mission:
Secretary Locke says increased trade in this area benefits everyone. "While the companies on this trade mission can help create economic opportunity and good jobs here in America, they can also help both China and Indonesia and countries all around the world grow their own economies and meet energy demand in a way that will not put our planet and our way of life at risk," he said.
As the United States continues to grapple with a huge Asian trade deficit, Locke says this mission is part of a national export initiative set by President Barack Obama, which calls for doubling overall U.S. exports in the next five years.
Secretary Locke says China's leaders are concerned about their rapid increase in the use of fossil fuels. "For the past six months, China had the largest increase in human generated greenhouse gasses of any country in history. And in the first quarter of this year alone, coal and oil sales in China jumped 24-percent. Which is twice as fast as their economy grew," he said.
Indonesia says it wants to increase its renewable energy production from seven percent of generating capacity to 25 percent in 15 years.
The Commerce Secretary will visit Beijing, Shanghai, Hong Kong and Jakarta during his trip.
http://news.yahoo.com/s/ap/20100511/ap_on_bi_ge/us_climate_bill_3
The bill would offer incentives of up to $2 billion per year for companies that develop so-called clean coal technologies, including methods to capture and store carbon emissions.
You have a good point! They are showing up in droves! WE HAVE MADE IT!!!
What are the chances the article discusses any contract info? Wonder what Dougs plans are?
Cant wait till monday/next week! A lot of eyes are watching and shorts are shaking in their tighty whiteys...lol Great DD on this board, and some intelligent posters. Keep up the good work people and we can all enjoy some good days ahead. Its time for Doug to give us the goods!!!
Thats a whole other ball of wax! I dont trade AH, but know it can be a risky play!
I live about an hour and a half away from Issaquah... Great golf here in the evergreen state especially this time of year! Bob you in for the long haul, or waiting for your price target to hit?
Whats the deal with the trade that went through AH around 5 eastern? No big deal, just wondering if anyone has any numbers...
Why would any info be out before the mag hits the stands? They have to make money somehow...lol IMO we will hear about it monday and all next week! Its gettin exciting around here...
why would you say that?
Apparently some have talked to Doug and heard some good things, but Have not heard anything as of late regarding India. We should know very soon though... When does CCTC report next?
I am in Washington state! Golf is a great game, and I have more respect for it the more I play! If your ever in Washington look me up! Good day for us Bob... CCTC next week should rock!
Not much fishing for me, but I love to golf! Just got back from 18! Good to see a day like this, and next week will be the most interesting week we have had yet IMO. A lot of eyes on this baby... Everyone have a great weekend, and GLTA!!!
http://www.indiajournal.com/pages/event.php?id=11006
US Needs to Develop Clean Coal Technologies: Energy Secretary Date Submitted: Thu May 06, 2010
WASHINGTON, D.C. - Observing that India and China are not going to turn their back on coal because of their increasing energy needs, a top Obama Administration official has told American lawmakers that the United States needs to develop clean coal technologies.
“I agree with you absolutely that China and India are not going to turn their back on coal, and so we have to develop the technologies that can use coal cleanly,” the US Energy Secretary, Steven Chu, said April 28 in response to a question from Senator George Voinovich.
“The United States, quite frankly, I don’t believe will turn its back on coal as well. So we need to develop these clean coal technologies,” Chu said as he appeared before the Energy and Water Development Subcommittee of Senate Appropriations Committee on National Assessment of Energy Policies. “We know darned well that even though the Sierra Club and others are shutting down new coal-fired IGCC plants in this country, China’s building them, India’s building them.
“In fact, India said they’re going to build the biggest coal-fired plant ever in the history of the world,” said Voinovich.
Chu said there are a number of co-ordinations at the international level going on right now.
“The Australians have set up a worldwide initiative that we’re members of. We’re in—specifically with China there’s—the president announced, I think it was about six months ago, a research cooperative where it’s $150 million in three areas: energy efficient buildings, energy efficient vehicle electrification, and clean coal technology,” he said.
“So China and the US are putting $25 million apiece into co-developing some clean coal technology we can both use,” he added. (PTI)
http://www.dailymail.com/ap/ApTopStories/201005060761
Thursday May 6, 2010
Wyoming senator's clean coal bill passes panel
Advertiser
BOB MOEN
Associated Press Writer
CHEYENNE, Wyo. (AP) - A U.S. Senate committee has passed a bill that seeks to encourage innovation and investment in technology to capture and store carbon dioxide, which is key in helping the coal industry survive in a clean energy world.
The bill, sponsored by Republican Sen. John Barrasso of Wyoming, passed the Senate Committee on Energy and Natural Resources on Thursday, according to a statement from Barrasso's office. Sen. Mike Enzi, R-Wyo., is one of the co-sponsors.
The bill still needs to be considered by the full Senate and the House.
The legislation would establish an award system for scientists and researchers who develop technology to remove and permanently store carbon dioxide. It also establishes an advisory board.
Wyoming is the nation's leading coal-roducing state, so it has an interest in supporting coal amid global pressure to address climate change by relying less on coal-fired power plants to generate electricity.
Rob Hurless, energy adviser to Gov. Dave Freudenthal, said he had not seen Barrasso's bill but he supports any efforts that result in more research into carbon capture and storage because of the complexity and challenges it poses.
"I think just in general anything that helps move the ball down the field is a good thing," Hurless said.
Ron Surdam, Wyoming state geologist and director of the carbon management institute at the University of Wyoming, said there is research going on now but that a lack of a national policy on carbon management issues is keeping the effort from being greater.
"I think most people that are in the power-generating business are basically taking a wait-and-see kind of position because they don't really know what's going to be expected of them," Surdam said.
Wyoming, which benefits from thousands of jobs and more than a billion dollars in annual revenue from coal mining in the state, is spending $45 million over the next two years on carbon storage research.
The state also is working with General Electric to build a $100 million facility to research turning coal into a cleaner burning gas.
BOB MOEN
Associated Press Writer
CHEYENNE, Wyo. (AP) - A U.S. Senate committee has passed a bill that seeks to encourage innovation and investment in technology to capture and store carbon dioxide, which is key in helping the coal industry survive in a clean energy world.
The bill, sponsored by Republican Sen. John Barrasso of Wyoming, passed the Senate Committee on Energy and Natural Resources on Thursday, according to a statement from Barrasso's office. Sen. Mike Enzi, R-Wyo., is one of the co-sponsors.
The bill still needs to be considered by the full Senate and the House.
The legislation would establish an award system for scientists and researchers who develop technology to remove and permanently store carbon dioxide. It also establishes an advisory board.
Wyoming is the nation's leading coal-roducing state, so it has an interest in supporting coal amid global pressure to address climate change by relying less on coal-fired power plants to generate electricity.
Rob Hurless, energy adviser to Gov. Dave Freudenthal, said he had not seen Barrasso's bill but he supports any efforts that result in more research into carbon capture and storage because of the complexity and challenges it poses.
"I think just in general anything that helps move the ball down the field is a good thing," Hurless said.
Ron Surdam, Wyoming state geologist and director of the carbon management institute at the University of Wyoming, said there is research going on now but that a lack of a national policy on carbon management issues is keeping the effort from being greater.
"I think most people that are in the power-generating business are basically taking a wait-and-see kind of position because they don't really know what's going to be expected of them," Surdam said.
Wyoming, which benefits from thousands of jobs and more than a billion dollars in annual revenue from coal mining in the state, is spending $45 million over the next two years on carbon storage research.
The state also is working with General Electric to build a $100 million facility to research turning coal into a cleaner burning gas.
More Articles in AP Featured News
Tomorrow should be another green day IMO. Anyone have an idea when the Fortune piece will be available?
its no big deal! GLTA
correct. form 3 is not selling... Form 4 is.
images.usnews.com/articles/news/washington-whispers/2010/05/06/group-says-clean-coal-means-more-jobs.html
Group Says Clean Coal Means More Jobs
By Paul Bedard
Posted May 6, 2010
They are two words that don't seem to go together: clean and coal. But as President Obama looks to boost U.S. energy production and create jobs while capping carbon emissions, he might find a friend in the coal industry.
That's because a new study by a coal group, the American Coalition for Clean Coal Electricity, suggests that building some 124 new power plants with clean coal technology could create 150,000 new jobs while producing less pollution. Building and installing the technology that cleans the coal burning process is expensive and the group suggests the Feds will have to help, but it could be a new way to add jobs and energy sources without messing up the environment.
The study's release was timed for today because Obama's Task Force On Carbon Capture and Storage met for the first time today. Here's what ACCCE sent Whispers:
New Study Spotlights Jobs Benefits of Clean Coal Technology
First Meeting of White House Task Force on Carbon Capture & Storage is Commended by ACCCE
Alexandria, VA – The deployment of carbon capture and storage (CCS) technologies at advanced coal facilities would create or support more than 150,000 jobs nationally, according to a study released today by the American Coalition for Clean Coal Electricity (ACCCE). The study done for ACCCE by BBC Research & Consulting found that 1.7 million job years of labor would be created through the construction of 124 new advanced coal facilities by 2025.
"Deploying carbon capture and storage makes good economic sense, by enhancing existing employment and creating new well-paying jobs," said Steve Miller, president and CEO of ACCCE. "These technologies are critical to reducing greenhouse gas emissions."
The study was released the same day that the White House's Interagency Task Force on Carbon Capture and Storage held their first public meeting in Washington, D.C. The Task Force is working to develop a comprehensive federal strategy to speed the development and deployment of carbon capture and storage.
"Clean coal technology is already at work today, with a number of pilot-scale projects that are capturing and storing carbon emissions. But realizing the full potential of this technology and deploy it commercially, will require a strong and sustained partnership between the government and the private sector. We are hopeful that the task force's report will provide a sound and lasting strategy for that partnership.
"We appreciate the work being done by the task force. The use of CCS will help maintain access to affordable reliable electricity from coal to power our economy and make it easier for working families to make ends meet," said Miller.
yeah same here! he he
What a buying oppurtunity there was! Man I wanted to buy stocks that were beaten down!
lets hope!? Damn I need some depends. lol. Come on CCTC!
Crazy stuff! I thought the market was crashing...
China's hunger for coal means price increases and environmental issues
by Catherine Ngai
May 05, 2010
China’s demand for coal increased sharply in April, pushing world prices higher for the energy commodity. The world’s largest consumer and producer of coal posted record import volumes last month to feed its insatiable appetite for energy and growth.
Last week, the benchmark price for thermal coal at Australia’s Newcastle port – the coal most commonly used for burning in plants - hit a record of $108.87 per metric ton, the highest since October 2008. China imported 11.4 percent of the 8.4 million metric tons of coal that arrived at Newcastle’s Port Waratah Coal Services Ltd., in Australia last month. This compared to 9.3 percent and 8.7 percent in March and April last year.
While China’s growth in the midst of a financial recession is a positive note, the use of coal as a main energy source could lead to potential problems for the global environment, critics say. The burning of coal emits carbon dioxide, one of the greatest air pollutants, and a gas that is considered by some to be the leading cause of global warming.
“Global climate change is global. Acid rain is global,” said Judy Bramble, assistant professor of environmental science at DePaul University in Chicago. “Both of them affect biodiversity, and loss of biodiversity is something we worry about. We’re sympathetic for underdeveloped nations to have what we have, but it can’t [happen] in a way that endangers the planet."
Coal is an important industry in Illinois and it is mined in 12 counties. Its history spans a 250 years, and the Land of Lincoln has the largest bituminous coal resource, used to generate electricity, of any state. The industry is estimated to generate nearly $1 billion in revenue annually and accounts for about half of U.S. coal production. Considering how important the coal industry is to Illinois, high prices abroad may affect the state’s economy.
Coal is even a more important resource in China. The U.S. Energy Information Administration estimates that coal makes up 70 percent of China’s total primary energy consumption.
The attraction to coal is obvious: It’s a viable and cheap energy source because of its abundance and transportability. Bramble explains that coal is used to create energy through heating, while other fossil fuels like liquid natural gas that require a pipeline to transport are mainly for transportation.
According to China’s National Energy Administration statistics, China imported 44.4 million tons, or approximately 48.9 metric tons, of coal in the first quarter, more than a two-fold increase from last year. While Australia is China’s main supplier, the most recent data from the U.S. Energy Information Administration shows that coal exports from U.S. to China increased almost fourfold to 1.1 million tons of coal from 2008 to 2009.
“I think what we’ve seen in the increase in imports is a response to the global recession,” said Diane Kearney, operations research analyst at the U.S. Energy Information Administration. “[The Chinese] still have strong economic growth; they’ve restructured or have closed mines down in a province where they’ve historically had high production levels.”
While China is growing in consumption, the same cannot be said for the U.S. Coal production, exports and consumption all decreased in the last quarter of 2009, according to the U.S. energy administration. While consumption decreased by 11 percent and exports decreased by 28 percent, production only decreased by 8.5 percent, resulting in increased stockpiles.
Domestically, combating emissions has been a state-wide and federal initiative for years as part of the Clean Air Act. More recently, a joint public and private partnership called FutureGen Industrial Alliance Inc. was created to design, build and operate the world’s first coal-fueled, near-zero emissions power plant in Illinois.
“Generally, there will be environmental issues with the use of fossil fuels until technology is available such as FutureGen,” said Michael Murphy, manager of coal programs at the Illinois Office of Coal Development. “The question is what society is willing to pay extra to run their computers, televisions…to make the use of coal even cleaner.”
Although signs of a literally darker global environment are on the horizon, turning black to green may be a possibility. Peabody Energy Corp., the world’s largest private-sector coal company based in St. Louis, has a history of reducing emissions in coal production through advanced technology.
“If you look at coal’s track record, we’ve had a very successful record of reducing other transmissions,” said Vic Svec, senior vice president of Peabody. “We believe the same can be done through technology in reducing carbon and continue on a path toward green coal.”
Peabody is starting to ship coal in May from Newcastle at the NCIG terminal at a rate of 30 million tons per year. It owns 17 percent of the port, which equates to approximately 5 million to 6 million tons. While it only exported approximately 4 million to 5 million tons to China from Australia in the past few years, that number is estimated to increase.
Despite the positive growth, there are other factors to consider: speed and safety.
“Growing at such a rapid pace, it’s hard for them to keep up on the production side of coal. They’ve so much economic growth, so much growth in coal consumption. It’s hard to keep in balance,” Kearney said.
Although Kearney notes that most of what China produces in coal is consumed, there are many mines that are so dangerous that mining is not possible.
The Chinese coal industry has been clouded by a recent history of mining accidents. Flooding in a Chinese mine in early March left 32 dead, according to state news agency Xinhua. There are more than 30,000 coal mines in the country, and about two-thirds of the 6,000 coal mining fatalities per year occur in small coal mines, according to data from the World Bank.
“It’s not self-sustaining because there are a lot of inefficiencies in their coal mining,” Kearney said.
The possibility of demand surpassing supply is another issue. While China’s consumption of goal has skyrocketed in the past few years, some analysts are hesitant to predict if there will be enough coal for these growing economies.
“When you look back at last year…the fact that China sponged up much of the excess coal capacity that would’ve been in excess made for much tighter markets than what analysts expected,” Svec said. “The demand has been growing extremely rapidly in China. It has definitely been straining supply in recent years. We expect that may well continue.”
As Bramble explains, the worldwide supply of coal will eventually dwindle and nations will need better plans to deal with increasing energy needs.
“We’re going to run out of them [fossil fuels] eventually. If we’re going to find solutions, why not do them now to solve some of the problems of pollution and climate change,” Bramble said.
http://investorshub.advfn.com/boards/board.aspx?board_id=10937
Hey everyone! Happpy Cinco De Mayo... Hope we hear something tomorrow, but if not Monday should provide some sparks? Have been really busy lately, and I look forward to celebrating some green very soon with you all!!! GLTA
That would be great news! says it happened last week... I'll drink to that!!!
great post JB61. Hopefully he gets it through his thick head!!!
China is Taking a Leadership Role in Clean Coal Technologies May 3 2010
http://us1.campaign-archive.com/?u=29bc7d5d85828d574f86c157a&id=b1cf1caecb
Widespread deployment of clean coal technology is the key means of achieving significant, long-term reductions in greenhouse gas emissions while maintaining economic growth. Coal-based technologies that increase efficiency and eventually employ carbon capture and sequestration (CCS) will be among the lowest cost, low-carbon alternatives for electricity generation and for energy supply. Recognition of these energy realities is exemplified in a joint statement signed by President Obama and Chinese President Hu Jintao in November, 2009, in Beijing: "The two sides strongly welcomed work in both countries to promote 21st century coal technologies."
A key indicator of this cooperation is the recent agreement between companies in the U.S. and China regarding the construction of GreenGen -- a coal-based CCS facility in Tianjin. And, just last week, the U.S. Trade and Development Agency (USTDA) announced funding for a feasibility study that would support the advancement of commercial-scale integrated gasification combined cycle (IGCC) facilities in China -- marking a critical next step toward the deployment of “cleaner coal” technology in the world's most populous nation.
Given the central role coal plays in China's socioeconomic progress, China is moving forward on a wide variety of fronts to institute clean coal programs at scale.
wow. your back! Nice to have you back...
I was told that the India delegation is meeting with the company... Reagarding the news that people want to hear about China/India the guy said that things are still on track(as we have heard before), and something about attorneys have to look things over before further PR's. I also asked him about the press article that was taken off the website, and he kept saying it was a mistake and something will be up very soon... It was a very fast conversation that lasted almost two minutes.
calm down coger...lol. relax and know that good times are ahead. Hang in there!
yes he will! Whats wrong with people? They will get thiers!!!
He said the checks in the mail... He could not go into depth as you know due to insider trading, but he said they have to wait for their attorneys to finalize everything!!! Take it for what its worth. The fortune article will be a nice bonus.
Thats quite ok. You can take on that one!
I just spoke with the company regarding certain issues. I tried to get as much info as I could regarding India delegation, and how operations are going. Saying as much as he could without crossing any lines, the gentlemen I spoke with set my mind at ease!!! I want to buy more...
Thats a pretty bold prediction edurk! If that happens I will be very impressed.
great post! Very informative and spot on! IMO we will see some movement upwards this week, and in the short term, but I agree the big moves might take some more time! GLTA
Obama eyes biofuels, clean coal in new climate push
ReutersFebruary 3, 2010
President Barack Obama on Wednesday will outline a government strategy to boost development of U.S. biofuels and address their environmental challenges, an administration official said.Photograph by: Mitchell Layton/Getty Images, Mitchell Layton/Getty ImagesU.S. President Barack Obama announced new measures to reduce greenhouse gas emissions with "clean coal" technology on Wednesday in his latest move to keep climate change at the top of the country's political agenda.
The administration also outlined a strategy to boost biofuels production, seeking to nudge the country toward energy independence while balancing the environmental costs of grain-based motor fuels.
The moves are part of Obama's effort to gain more votes for a climate bill stalled in the Senate that will seek to boost production of clean, low-carbon energy and help the country reduce its dependence on imported fossil fuels.
The climate bill faces further obstacles after the election last month in Massachusetts that gave Republicans a Senate seat long held by Democrats, depriving the president's party of 60 votes that could overcome procedural hurdles.
"Today I'm announcing a carbon capture and storage task force that will be charged with ... figuring out how we can deploy affordable clean coal technology," on a wide spread scale within 10 years, Obama said during a meeting with a handful of state governors at the White House.
"We want to get up 10 commercial demonstration projects -- get those up and running by 2016."
Carbon capture and storage is meant to capture the emissions from carbon-polluting coal plants and bury them underground rather than spewing them into the atmosphere but the technology is still in in the process of being researched.
BIOFUELS
The biofuels strategy, which also aims to boost jobs as the country faces double-digit unemployment, is laid out in a report by the Biofuels Interagency Working Group, a body the president established to help spur investment in biofuels and make the industry more environmentally friendly.
The goal is straightforward: getting the country on track to meet a congressional goal of producing 36 billion gallons (136 billion litres) of biofuels a year by 2022.
"This is a substantial goal, but one that the U.S. can meet or beat. However, past performance and business as usual will not get us there," the report said.
The United States is far away from its target now, currently producing 12 billion gallons per year, mostly from corn ethanol.
The report offers solutions that would iron out problems in getting ethanol from producers in the U.S. Midwest to consumers near the coasts.
Such snags include filling stations that have been slow to adopt pumps to distribute a fuel blend that is mostly ethanol, called E85, and a lack of dedicated pipelines for biofuels.
In addition, loan guarantees for ethanol plants could be targeted more effectively to support new biofuels plants, the report said.
The president is pushing for the United States to overhaul its energy habits by switching to less-polluting fuels and reducing its dependence on foreign oil.
The departments of agriculture and energy and the Environmental Protection Agency will work together to create a regional supply chain to make sure all parts of the country will make biofuels markets more robust, the report said.
Read more: http://www.calgaryherald.com/technology/Obama+outline+biofuels+strategy/2517348/story.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3a+canwest%2fF6910+(Calgary+Herald+-+Business+%2f+Energy)#ixzz0mp0mV7GW
http://www.calgaryherald.com/technology/Obama+outline+biofuels+strategy/2517348/story.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3a+canwest%2fF6910+(Calgary+Herald+-+Business+%2f+Energy)