Energy News: BP Oil Spill Woes Continue, Resurface; Kenya's Geothermal Power Doubles; More
Hurricane Isaac Resurfaces BP Spill Oil
Believe it or not, a BP spokesperson has said that it's a good thing that Hurricane Isaac has brought back to the surface tar balls from the 2010 Gulf oil spill, as "it made it visible where we can clean it up." NorthJersey.com reports that though the resurfaced oil is less toxic than when it initially spewed from the Deepwater Horizon it still posed a threat to wildlife.
US Lawyers Make Case for BP's Gross Negligence in Gulf Spill
In the ongoing legal proceedings over the Gulf oil spill lawyers for the US government are making the case that errors made by BP and Transocean that led to the Deepwater Horizon disaster legally amount to "gross negligence", Reuters reports. Should the US' case be made BP would be subject to fines up to four times those if it is found to have committed less negligent actions.
BP Investors Sue Corporation Over Gulf Spill
Oil Change International reports that a group of investors in BP are suing the corporation. South Yorkshire Pensions Authority, Skandia Global Funds, and GAM Fund Management say that would have never invested in BP "had they known the truth" about the company's "safety first" policies, statements about which made by BP the investors claim were "materially false and misleading." Furthermore they say BP executives "acted in reckless disregard of the truth, ignoring and concealing indications that the disaster was much larger than investors were being led to believe." The suit, brought in Texas, seeks tens of million dollars.
Kenyan Geothermal Project Would Nearly Double National Capacity
Via Cleantechnica: When the 280 MW Olkaria geothermal power project is completed by 2014 it will nearly double the east African nation's geothermal power capacity. Currently Kenya gets about 13% of its electricity from geothermal power. The project's currently planned size is just half of the power potential in the complex however, and is just a small part of the nation's geothermal power potential. Estimates place that at 7 GW, 5 GW of which is hoped to be exploited by 2030.
High Production Costs Likely to Limit Future Arctic Oil Potential
Phys.org highlights a new study by the Centre for International Climate and Environmental Research that, "the share of Arctic oil and gas in global energy production is expected to decline by 2050 because of prohibitively high production costs...for natural gas, the decline is expected to be even more pronounced." The study forecasts Arctic oil dropping from 10% of today's energy output to 8% by 2050, natural gas falls from 27% to 22% in the same time period.
Shell Announces First Carbon Capture Project in Tar Sands
The project, which is scheduled to begin operations by 2015, is intended to capture and permanently store underground more than a million tons of carbon dioxide a year, which Shell estimated was equivalent to taking 175,000 cars off the road. Carbon capture projects have lost favor in recent years because of concerns about their heavy costs, which have typically been subsidized by governments. The Shell project, with an estimated cost of about 1.35 billion Canadian dollars ($1.36 billion), will be heavily subsidized by the Canadian federal government and the provincial government of Alberta... (New York Times)