Global temps are cooling since 2001 and dropped .7 degrees in 2007 (I'll see if I can find the link to this). I just say this now so folks, after reading this article, won't panic and jump out the window thinking they're about to spontaneously combust from HEAT!!! lol
starboy: Thnx. In this vein, CEO stated in letter to stockholders 22 Sept 2008:
*CSMG recently purchased Carbon Capture Technologies, Inc. (CCTI) which included the worldwide rights to a new state-of-the-art CO2 removal technology developed at the University of Ottawa, Canada.
*We believe this technology uniquely positions CSMG to enter the CO2 removal business for coal fired utility plant’s stack gas emissions.
Thereupon, I looked up Webster's definition of word "unique":
1. being the only one : sole
2. being without a like or equal
Both candidates for president endorse carbon credits in some shape or form. The US Supreme Court has ruled that greenhouse gasses, such as CO2, can be regulated as pollutants. Since that ruling, California has led the way in establishing CO2 limits. "As California goes, so goes..." U.S. power plants are responsible for 36% of CO2 emissions. Thus, applied technology delimiting CO2 from this concentrated source can have enormous effect on reducing total CO2 emissions. U.S. News & World Report writes that 2.8 billion tons of carbon dioxide are emitted each year by U.S. electric power generators.**
In 2000, 150 new U.S. coal-fired plants were contemplated to keep up with energy demands. Hardly any have been built mostly because an efficient and economical CO2 capture and sequestration (CCS) technology has not been demonstrated... yet. Carbon trading, a $70 billion market last year, will vastly expand when USA (neck-in-neck with China as largest CO2 polluter by volume) climbs onboard. Power generating companies have an enormous financial incentive (i.e., billions of dollars) to find an acceptable solution.** See chart image below. Not to mention the firms that build coal-fired power generating plants.
Dr. Sayari, under aegis of Univ. of Ottawa, received patents for what is claimed in the patents to be a far superior, dare we say "unique," method of capturing CO2 using dry amine-grafted nanoporous silicas compared to the liquid-amine method, which latter the DOE considers state-of-art. CSMG has, of course, exclusive license to Sayari's patents.
** "One of the most striking findings in the data, says David Wheeler, a Center for Global Development senior fellow who led the research, is how concentrated the problem is among a relatively few large power generators. He said the top 100 companies worldwide produce 57 percent of CO2 emissions coming from the power sector." (ed. Power plants are responsible for 36% of U.S. CO2 emissions.)
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