CO2 MITIGATION -  UPDATE

JULY 2012

POLICY

July 6, 2012

§     Congressional Report Finds US Funding for CCS has been Ineffective Recommends Other Policy Options

§     EPA Decides Not to Lower GHG Permitting Thresholds

§     New York Adopts CO2 Emission Limit for Power Plants - Lower than Proposed Federal Standard

§     Australia’s Controversial $24-ton Carbon Tax Goes into Effect

TECHNOLOGY

July 13, 2012

§     Codexis Reports Positive Results from Enzyme-Based Carbon Capture Process

BUSINESS

July 20, 2012

§     UK’s Don Valley CCS Proposal tops List of Projects in Line for €1.5 Billion in European Funding

§     UK’s First Offshore Carbon Storage License Secured by SSE for Peterhead CCS Project

§     Alberta Awards $46 Million for Six Carbon Reduction Projects

July 13, 2012

§     Alberta Approves Shell Canada’s “Quest” Carbon Capture Project

§     Las Brisas Energy Center Could be banned by EPA’s New GHG Emission Limits

July 6, 2012

§     Australian Carbon Tax Prompts Closure of Munmorah Coal Power Station, Site of Carbon Capture Pilot