General chit chat thread., page-500

The Carbon Capture processing plant incentive to alleviate a more sudden rejection in gas consumption acceptance by portfolio investors & demand for gas by totally green zero emission initiatives, please see below.

Yahoo News;
Quick notes: Carbon Capture.

Progress on carbon capture technology could throw a lifeline to gas, meaning that stations could serve as backup when there’s a dearth of sun, wind or hydropower. Some energy companies are focusing on making sure that gas can keep operating, rather than ridding their portfolios of the fuels.

“Getting the flexibility to deal with the variability in renewables production is really, really difficult if you don’t have any gas-fired generation,” said Benjamin Collie, a principal for commissioned projects at Aurora Energy Research Ltd. in Oxford.

European Gas demand is still expected to grow by 3% this year, according to the International Energy Agency.

At least in the short term. The European Investment Bank, for one, will end all financing for fossil fuels in December.

“To put it mildly, gas is over,” EIB President Werner Hoyer said during a January press conference. “Without the end to the use of unabated fossil fuels, we will not be able to reach the climate targets.’’

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