Friday, September 18, 2009

President Obama and Prime Minister Harper release joint statement on clean energy

WWW.BLUEFUELENERGY.COM: Canadian Prime Minister Stephen Harper recently returned from an official visit to Washington, DC, to meet with US President Barack Obama. As is customary, the two leaders released a joint statement at the end of Mr. Harper's trip, and included in their statement was a mention of the two countries' progress on clean energy since President Obama's visit to Ottawa in February 2009.

Specifically, the statement referenced a report on the US - Canada Clean Energy Dialogue written under the names of US Energy Secretary Steven Chu and the Canadian Minister of the Environment Jim Prentice, as well as a related report the US - Canada Clean Energy Dialogue Action Plan.

Of the two reports, the Action Plan is longer, more detailed, and more relevant. It states that the two governments have identified "key opportunities for joint collaboration in each of the following priority areas: 1) Developing and deploying clean energy technologies; 2) Building a more efficient electrical grid based on clean and renewable generation; and 3) Expanding clean energy research and development.

Of significant interest to the DME/Blue Fuel world is a section of the Action Plan that deals with carbon capture and storage (CCS). As the report states, "CCS holds tremendous promise for North American climate and energy security, and is a critical technology for significantly reducing carbon dioxide (CO2) emissions from large industrial point sources that use fossil fuels." What is described above is a perfect match for Blue Fuel Energy's Corporation's plans to use renewable energy, such as wind and hydro, as well as water and waste carbon dioxide (in a process called active sequestration) to produce carbon-neutral DME/Blue Fuel in British Columbia, Canada.

Until now, natural gas processors and other industrial plant operators have considered CO2 a waste by-product and simply released it into the atmosphere, contributing to global warming. The alternatives are to sequester it underground or, as Blue Fuel Energy will do, to recycle it for energy use. Of all the CCS choices, we believe our active sequestration process makes the most sense both environmentally, politicallty, and economically, particularly since it utilizes renewable electricity, an important plank in the US-Canada joint plan platform.

The US-Canada Action Plan makes the following five recommendations in order "to realize a reliable, adequate, and secure North American electrical system - which will support a cleaner energy portfolio while providing cost effective energy solutions to consumers."

1. Increasing Opportunities for Trade in Clean Electricity.
2. Advancing Smart Grid and Clean Power Technologies
3. Realizing the Potential of Power Storage
4. Building the Power Work Force of Tomorrow
5. Keeping the Dialogue Going - the Canada-US Electricty/Smart Grid Forum.

According to the Joint Action Plan, implementation of these recommendations is scheduled to begin in the fall of 2009.

Although none of the objectives or recommendations in the Joint Plan mention DME/Blue Fuel specifically, in principle they speak directly to DME/Blue Fuel's strengths as an ultra-clean-burning, environmentally benign alternative fuel derived from waste CO2 and renewable electricity - and that spells good news indeed not only for the DME/Blue Fuel industry, but for consumers and citizens of both countries as well.

No comments:

Post a Comment