An Energy, Economic and Environmental Solution for Our Nation:
Using Captured Carbon Dioxide for Enhanced Oil Recovery
Thursday, June 26, 2014
Russell Senate Office Building
2 Constitution Avenue, NE
Washington, D.C., 20002
Carbon dioxide enhanced oil recovery (CO2-EOR) is a decades-old, proven commercial practice that involves injecting CO2 into already developed oil fields to coax additional production. Increasing the supply of CO2 captured from power plants and industrial sources for use in CO2-EOR has the potential to increase American oil production by tens of billions of barrels, while safely storing billions of tons of CO2 underground. The event will focus on CO2-EOR’s benefits for domestic energy production, the economy, and the environment.
Vice President, Fossil Energy, Great Plains Institute
The Honorable RICHARD GEPHARDT
Former Majority Leader, U.S. House of Representatives (D-MO)
The Honorable TIM HUTCHINSON
Former U.S. Senator (R-AR)
Vice President, Government Affairs, Arch Coal, Inc.
Counsel, Leucadia Energy
Executive Director, Industrial Union Council, AFL-CIO
Climate Program Manager, Natural Resources Defense Council
Solutions Fellow, Center for Climate and Energy Solutions
The National Enhanced Oil Recovery Initiative (NEORI) brings together industry, labor and environmental advocates, and state officials to foster increased domestic oil production through the capture, use and storage of CO2 from power plants and industrial facilities. NEORI is convened by the Center for Energy and Climate Solutions (C2ES) and Great Plains Institute (GPI).
C2ES and its partners have published the follow papers for the AFV Finance Initiative.
Unlocking Private Sector Financing for Alternative Fuel Vehicles and Fueling Infrastructure
C2ES, in partnership with National Association of State Energy Officials (NASEO) and with funding from the U.S. Department of Energy’s Clean Cities Program, began a two-year project in early 2013 to develop innovative finance strategies aimed at accelerating the deployment of AFVs and fueling infrastructure.
Read our white paper on the AFV deployment barriers that private finance can help address
Read our report on the role of the ESCO model in natural gas vehicle fleets
The Alternative Fuel Vehicle Finance (AFV) Initiative brings together key public and private stakeholders to use innovative finance mechanisms to help accelerate the deployment of AFVs and fueling infrastructure. C2ES is working with states around the country to develop new strategies that will improve the business case for AFVs by leveraging small pubic investments or with new business arrangements.
Decreasing the transportation sector’s reliance on petroleum offers important economic, security, and environmental benefits for the United States. The nation’s dependence on foreign oil comes at a high price. In 2012, the U.S. transportation sector consumed 73 percent of the country’s petroleum supplies. Dependence on oil in transportation exposes the United States to price shocks largely beyond its control, since oil is a globally priced commodity. Researchers at the Oak Ridge National Laboratory estimate that the total economic loss associated with oil dependence in the United States was $2.1 trillion from 2005 to 2010. These economic losses are due to oil price shocks and oil market influence by the Organization of the Petroleum Exporting Countries (OPEC). From an environmental perspective, motor vehicles are also responsible for half of smog-forming air pollutants, about 75 percent of carbon monoxide emissions, and more than 20 percent of U.S. greenhouse gas emissions.
Most AFVs do not rely on petroleum, are more energy efficient than their conventional counterparts, and have lower or no tailpipe emissions. However, several barriers stand in the way of AFV and infrastructure deployment: market volatility, technological uncertainty, information failures, and regulatory hurdles and uncertainty. These barriers affect each fuel type differently. Recent large investments by the federal government in AFVs and other clean technologies will be winding down in the coming years. New private financing mechanisms are needed to fund these vehicles and associated infrastructure to enable wide-scale adoption.
C2ES is working with states to identify new ways to mobilize this private capital. The Initiative currently consists of two projects defined below
C2ES, in partnership with National Association of State Energy Officials (NASEO) and with funding from the U.S. Department of Energy’s Clean Cities Program, began a two-year project in early 2013 to develop new financial tools aimed at accelerating the deployment of AFVs and fueling infrastructure. C2ES has assembled an advisory group of experts on AFVs, infrastructure, and finance from the public and private sectors to help guide its work. The project aims to:
- Identify barriers that hinder private sector investment;
- Develop and evaluate innovative financing concepts for vehicle purchase and fueling infrastructure in order to make AFVs more accessible to consumers and fleet operators; and
- Stimulate private-sector investment in AFVs and the associated infrastructure deployment, building upon and complementing previous public sector investments.
C2ES is researching financial barriers, preparing case studies, and developing strategies that states can consider trying at the project’s conclusion:
The project specifically emphasizes two fuels that offer significant opportunities for growth—electricity and natural gas. Biofuels are not considered because many government and private sector stakeholders are already facilitating the deployment of biofuel-powered vehicles. Vehicles powered by hydrogen are included, but they are not a major focus because hydrogen fuel cell vehicles are not yet widely available.
The Washington State Legislature’s Joint Transportation Committee selected C2ES to develop new business models that will foster private sector commercialization of public EV charging services. First, C2ES will assess the state of EV charging in Washington and create useful products for the state to perform similar assessments as the market evolves. Second, drawing from its experience with the AFV Finance Initiative and similar activities, C2ES will identify and evaluate business models for EV charging in the state. Finally, C2ES will recommend ways the public sector can support those business models to maximize private sector investment in EV charging.
Three recent announcements signal important progress toward greater deployment of technology to capture and store carbon emissions that would otherwise escape into the atmosphere. CCS technology can capture up to 90 percent of emissions from power plants and industrial facilities and is critical to reducing climate-changing emissions while fossil fuels remain part of our energy mix.
One piece of good news came when NRG Energy announced it has begun construction on the Petra Nova Project in Texas, where an existing coal-fired power plant will be retrofitted with carbon capture equipment. The Petra Nova Project will be the world’s third commercial-scale CCS power project, following the nearly-completed SaskPower Boundary Dam project in Saskatchewan, Canada, and Southern Company’s Kemper County Energy Facility in Mississippi opening in 2015.
Owners of large buildings who want to save money by improving energy efficiency first have to overcome a huge hurdle – the upfront costs of getting the work done. A similar hurdle exists for fleet managers considering switching to natural gas vehicles to save on fuel costs – high initial expenses for vehicles and infrastructure.
What if the same method being used to pay for more energy-efficient buildings could also be used to get cleaner alternative fuel vehicles on the road? A new report by C2ES makes the connection between a commonly used business arrangement in the building sector and its potential use in the deployment of natural gas in public and private vehicle fleets.
Applying the Energy Service Company Model to Advance Deployment of Fleet Natural Gas Vehicles and Fueling Infrastructure
Applying the Energy Service Company Model to Advance Deployment of Fleet Natural Gas Vehicles and Fueling Infrastructure
by Matt Frades
Webinar 3: Innovation and effective stakeholder engagement on water and energy issues
July 24, 2014
2 p.m. – 3 p.m. EDT
Involving other stakeholders or partners for a water-energy project often leads to insights, innovations, and/or greater efficiency. In this third and final webinar, speakers from American Water and East Bay Municipal Utility District (EBMUD; California) discuss how they leveraged stakeholder involvement to address water-energy challenges and implement innovations.
Suzanne Chiavari, Engineering Practice Leader from American Water, will describe some of her organization’s recent work in using renewable energy technologies, and how they’ve engaged community partners to establish greater integration across their resource management activities. Clifford Chan, Manager of Water Treatment and Distribution at EBMUD, will talk about two projects with multiple stakeholders that have helped the utility to implement its energy management strategy.
You expect a business leader to keep a close eye on the bottom line and to act when a threat is clear. As C2ES and others have noted, it is increasingly clear to many business leaders that climate change is a here-and-now threat that we all -- businesses, government and individuals -- must address.
Today’s “Risky Business” report lays out in stark numerical terms the likely economic impact of climate change on U.S. businesses and the U.S. economy. The initiative – co-chaired by former New York City Mayor Michael Bloomberg, former Treasury Secretary Henry Paulson, and former hedge fund manager Tom Steyer – brings high-profile attention to this issue in the hopes that highlighting the risks and potential costs will help spur action to manage the impacts and curb climate-altering emissions.
The report’s outline of the many costs of climate impacts is likely an underestimate. For example, the impacts of diminishing groundwater are difficult to calculate and are not included.
June 17, 2014
Contact: Amy Morsch, email@example.com, 703-516-4146
Center for Climate and Energy Solutions Honored as Gold Stevie® Award Winner in 2014 American Business AwardsSM
WASHINGTON – The Center for Climate and Energy Solutions (C2ES) was presented with a Gold Stevie® Award in the Global Issues Campaign of the Year category in The 12th Annual American Business Awards in Chicago on June 13.
More than 3,300 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Most Innovative Company of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year. Stevie Award winners were selected by more than 240 executives worldwide who participated in the judging process.
The C2ES Make an Impact program won for the Global Energy Pledge Campaign it developed and delivered in partnership with the Bank of America. The Global Energy Pledge Campaign was available through the Bank of America’s My Environment employee engagement program, and was designed to harness the power of employees to act as message multipliers. Through the use of interactive technology and positive, globally relevant communications, the campaign engaged Bank of America employees from all over the world and generated thousands of commitments to reduce energy use.
“Building a culture of energy conservation in a company with employees in 29 countries around the world is no small feat,” said Katie Mandes, Director of the Make an Impact program. “This campaign provides a potential model for other companies with global operations that are seeking to engage and empower their employees on issues of importance.”
“It’s an honor for us to recognize and celebrate such an outstanding class of organizations and individuals,” said Michael Gallagher, president and founder of the Stevie Awards. “All of this year’s Gold, Silver and Bronze Stevie winners should be proud that the judges recognized their achievements and their ability to express those achievements in a way that captured the judges’ hearts and imaginations.”
Details about The American Business Awards and the lists of Stevie winners are available at www.StevieAwards.com/ABA.
About C2ES: The Center for Climate and Energy Solutions (C2ES) is an independent, nonprofit, nonpartisan organization promoting policy and action to address the twin challenges of energy and climate change. Launched in 2011, C2ES is the successor to the Pew Center on Global Climate Change. The Make an Impact program at C2ES is a unique, employee- and community-focused project aimed at raising awareness and mobilizing action on climate change. Learn more at www.c2es.org
About the Make an Impact Program: The Make an Impact program helps individuals learn how to live more sustainably through the use of educational tools and hands on experience. To date, Make an Impact has directly engaged more than 382,000 individuals and collectively committed to reduce more than 72 million pounds of greenhouse gas savings. The program features:
- A custom-built carbon calculator with individual carbon footprint analysis.
- A dynamic website with tips, tools and resources on how to reduce energy bills and live more sustainably.
- A comprehensive outreach program of educational workshops and hands-on activities to support local action.
To find out more about Make an Impact, how your company or organization can sign on, or to measure your own carbon footprint, visit http://makeanimpact.c2es.org/
About the Stevie Awards: Stevie Awards are conferred in five programs: The American Business Awards, The International Business Awards, the Asia-Pacific Stevie Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A sixth program, the German Stevie Awards, will debut later this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
Sponsors and partners of The 2014 American Business Awards include Biz Talk Radio, CallidusCloud, Citrix Online, Cvent, Engility, John Hancock, LycaMobile, PetRays, and Softpro.
Reducing greenhouse gas emissions is no small task. Whether you’re acting individually or within a large organization or company, it’s important first to understand the amount and source of the emissions, and then to take steps to reduce them.
So my co-workers and I got started by holding an office challenge, using the newly updated online carbon calculator from our Make an Impact team to learn more about our carbon footprints and pledge to lower our personal impact on the planet.
I was surprised by the results.