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☆ Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense
▼ + stars: | 2024-04-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +14 min

Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas. The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. "The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant," the executive said. About two-thirds of the industry's carbon dioxide emissions come from chemical reactions that occur when breaking down limestone. SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.

Persons: Chin Lee, Biden, SLB, Fred Majkut, Majkut, Adam Miklos, Miklos, Baker Hughes, Olivier Le Peuch, Alessandro Bresciani, Jeff Gustavson, Gustavson, steelmaker Nucor, Linde, Dan Ammann, Ammann, Fatih Birol, We're, SLB's Majkut Organizations: Chevron, Houston Chronicle, Hearst Newspapers, Department of Energy, RTI International, International Energy Agency, Exxon, Rystad Energy, Clean Investment Monitor, United Nations ., Gulf Coast, CF Industries, Talos Energy, Carbonvert, IEA Locations: Winnie, Mississippi, Vicksburg, Schlumberger, United States, Paris, Chevron, United Kingdom, U.S, Aker, Norway, Houston, Port Arthur , Texas, Gulf, Louisiana, Beaumont , Texas, Mississippi , Louisiana, Texas, Bayou, Port Arthur

AUSTIN, Texas (AP) — How science textbooks in Texas address climate change is at the center of a key vote expected Friday after some Republican education officials criticized books for being too negative toward fossil fuels in America's biggest oil and gas state. Science standards adopted by the board's conservative majority in 2021 do not mention creationism as an alternative to evolution. But some Republicans on the 15-member board this week waved off current textbook options as too negative toward fossil fuels and for failing to include alternatives to evolution. Scientists overwhelmingly agree that heat-trapping gases released from the combustion of fossil fuels are pushing up global temperatures, upending weather patterns and endangering animal species. She said their organization had identified only two textbooks that would not meet the standards set in 2021.

Persons: Republican Wayne Christian, ”, Glenn Branch, Branch, Aaron Kinsey, ” Kinsey, Aicha Davis, “, Emily Witt Organizations: Texas State, of Education, Republican, National Center, Science Education, Hearst Newspapers, Science Teaching Association, Texas Freedom Network Locations: AUSTIN, Texas, ” Texas, West Texas, U.S

☆ The verdict is in on how much Texas' heat wave clobbered its economy this summer
▼ + stars: | 2023-10-28 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

A new estimate says the record summer heat in Texas cost the state's economy $24 billion. AdvertisementAdvertisementThe Lone Star State's punishing and record-breaking heat wave, coupled with an unyielding drought, significantly affected local businesses and, by extension, the state's economy. For every 1-degree increase in average summer temperature, Texas sees a 0.4% slowdown in its annual nominal GDP growth. Notable establishments like Schlitterbahn, SeaWorld, and Six Flags blamed their dips in summer visitors on the heat wave. AdvertisementAdvertisementOne brewery owner in Austin told My San Antonio that the summer heat "crushed" the city as several local breweries were forced to close their doors.

Persons: Kirk Watson, Watson, SUZANNE CORDEIRO, Austin Organizations: Service, Austin, Dallas Federal Reserve, Star, Banking, Dallas Fed, Dallas Fed's, Six Flags, Houston . Houston Chronicle, Hearst Newspapers, Getty, Texas, Texas State Locations: Texas, . Texas, Dallas, Dallas Fed's Texas, SeaWorld, Colorado, Utah, Antonio, Houston ., Arlington, cabanas

☆ From Bill Gates to the pope, talk of carbon capture and its efficacy is dividing society
▼ + stars: | 2023-10-25 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

In this article BP.-GBMSFTBKR Follow your favorite stocks CREATE FREE ACCOUNTThis image from 2016 shows a carbon capture project in Texas. Other processes in the sector include direct air capture, with firms like Climeworks operating in the space. Climeworks, which specializes in direct air capture and storage, has offices in Switzerland and Germany. Its clients include businesses such as Stripe and Microsoft , and the Microsoft Climate Innovation Fund has invested in the company. While carbon capture has its advocates, the technology is divisive and has been questioned by a range of organizations.

Persons: Baker Hughes, Lorenzo Simonelli, Simonelli, Bill Gates, Gates, Bob Dudley, there'll, We've, Dudley, — that's Organizations: Houston Chronicle, hearst Newspapers, Getty, Hearst Newspapers, CNBC, ADIPEC, U.S . Department of Energy, Microsoft, Innovation Fund, BBC, Breakthrough Energy, International Energy Agency, Greenpeace Locations: Texas, Abu Dhabi, United States, Europe, Switzerland, Germany, Kenya, Paris

☆ Budweiser says it has stopped chopping the tails of the iconic Clydesdale horses used in its commercials and promotions
▼ + stars: | 2023-09-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Budweiser's famous horses will have longer tails now that the company has stopped clipping them. Anheuser-Busch, the parent company of the beer brand, said in a press release on Wednesday that it no longer clips its Clydesdales' tails, a procedure known as docking. Budweiser Clydesdales handler John Fink walks the horses prior to bathing them at Houston Polo Club. In its campaign, PETA noted that horses use their tails to communicate and swat away flies, which can carry diseases. The Clydesdale breed of horses originated in Scotland and are synonymous with the Budweiser brand .

Persons: John Fink, They've, Amy Trout Organizations: Anheuser, Busch, Budweiser, PETA, Service, Veterinary Medical Association, Houston Polo Club, Houston Chronicle, Hearst Newspapers, Getty, American, Clydesdale, Super, Pro Football Hall of Fame, Empire State Locations: Wall, Silicon, Scotland, Missouri, New England

☆ CBS News chief Neeraj Khemlani reportedly stepping down
▼ + stars: | 2023-08-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Neeraj Khemlani, president of CBS News, at the annual White House Correspondents' Association Dinner in Washington, U.S., April 29, 2023. Neeraj Khemlani, the president and co-head of CBS News and Stations, is stepping down from his role, according to a Sunday report from Variety. In his current role, Khemlani is responsible for running CBS News, its local stations and popular programs like "Face the Nation," "60 Minutes" and "CBS Evening News." It is not immediately clear who will succeed Khemlani, but CBS could announce the new executive as soon as Monday, Variety said. Before joining the network, Khemlani spent more than 10 years at Hearst, where he held a number of leadership roles like executive vice president of Hearst Newspapers, president of Hearst Entertainment and Syndication and chief creative officer.

Persons: Neeraj Khemlani, Khemlani, Variety, shakeup, CNN's Chris Licht Organizations: CBS, White, Correspondents, Variety, CBS Evening, Paramount, Hearst, Hearst Newspapers, Hearst Entertainment, Media Locations: Washington , U.S

☆ Meet David Sacks, the friend of Elon Musk who could play kingmaker for Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Ron DeSantis — including hosting the candidate's kickoff event on Twitter — demonstrate how Sacks is working to become a GOP kingmaker. A DeSantis campaign spokesman did not return a request for comment before publication. Sacks, according to Puck, serves as one of the group's directors. Kevin McGrann, a lobbyist at government relations juggernaut Forbes Tate Partners, is also linked to Bay Strategies, according to Hall. And Sacks said during a recent episode that he plans to ask the DeSantis campaign for the Florida governor to agree to an interview.

Persons: David Sacks, Paul Chinn, Caroline Wren, Wren, Donald Trump's, Jan, president's, Sacks, George Soros, Puck, Ron DeSantis, Peter Thiel, Ro Khanna, didn't, Joe Biden, Thiel, Elon Musk, –, Joe Lonsdale's, Julie Samuels, Samuels, DeSantis, I've, Trump, Stewart Hall, Jill Kendrick, Hall, Sen, Richard Shelby, Kendrick, Kevin McGrann, juggernaut Forbes, McGrann, John Boehner, OpenSecrets, Musk, Bari Weiss, isn't, Peter, Jason Calacanis, David Friedberg, Chamath, Robert F, Kennedy Jr, Kennedy, Biden, Nikki Haley, Calacanis Organizations: TechCrunch, Calif, San Francisco Chronicle, Hearst Newspapers, Getty Images Venture, Trump, U.S . Capitol, Republicans, Commission, Florida Gov, Twitter, GOP, PayPal, CNBC, Democratic, Microsoft, DeSantis, Purple Good Government PAC, FEC, Ron DeSantis PAC, PAC, Republican Party, Purple Good Government, Stewart, Public, Crossroads, Altria Group, Boeing, General Electric, Hearst Corp, Washington , D.C, Forbes Tate Partners, juggernaut Forbes Tate Partners, Forbes Tate, Association of Independent Mortgage Experts, United Wholesale Mortgage, SpaceX, Republican, YouTube, Biden, CNN Locations: San Francisco, Florida, Silicon, Trump, DeSantis, Puck, Washington ,, Ohio

☆ 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
▼ + stars: | 2023-01-01 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.

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