Seventh Annual Energy & Resources Conference
Thursday, May 30th - Con Edison Building, NYC


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Challenges and Opportunities in
Climate Change

Abstract: Session 3 - Reducing Greenhouse Gas (GHG) Emissions - The Path Forward in the Near Term to Meet Global GHG Emission Reduction Goals...and Enhance U.S. Energy Security

Presenter: Edward L. Helminski, President and Publisher of ExchangeMonitor Publications & Forums, Inc.

The IEA World Energy “Atlas,” released this past winter, plainly states that global carbon reduction goals, given the current and projected use of fossil fuels for electricity generation, cannot be met within the next 20-30 years without the deployment of carbon capture and sequestration/storage technologies. Up until a few years ago, the global effort to advance systems and technologies to deploy commercial-scale systems to capture and permanently store anthropologic CO2 emissions was almost devoted exclusively to injection in geological formations, on and off-shore. Basically, CO2 was treated as a pollutant and waste product.

However, with the discovery that previously unavailable (and unknown) vast reserves of oil and natural gas could be recovered through “fracking,” utilizing vehicles like water, chemical compounds and CO2 to “free-up” the resources, there is now a growing realization that anthropogenic CO2 could serve as this vehicle and be permanently stored as it is “utilized” for this purpose. Anthropogenic CO2, therefore, becomes a commodity and a business case can be developed, in real economic terms, that would support reducing carbon emissions from fixed sources to the atmosphere and increasing the US energy supply. The primary focus is utilizing anthropogenic CO2 for EOR (Enhanced Oil Recovery), which has been put in practice a couple decades ago. The critical key is the development of capture technologies -- a field that provides excellent carreer opportunities.

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