Apr 24, 2018

Oil and power giants form new carbon capture group

Photo: Keith Bedford/The Boston Globe via Getty Images

Companies including BP, Chevron and power giant Southern Company have formed a new coalition called the Energy Advance Center to work on carbon capture, storage and use.

Why it matters: Trapping CO2 from power plants and other industrial facilities is an important way to help eventually bring the steep emissions cuts needed to prevent the most dangerous levels of warming.

The two other companies listed in this newly public lobbying disclosure filing are:

  • Industrial systems giant Mitsubishi Heavy Industries America.
  • Denbury Resources, an oil company focuses on using CO2 for enhanced oil recovery from depleted reservoirs.
  • They're represented by the lobbying firm Hunton Andrews Kurth.

What they're saying: Very little right now. But Hunton Andrews Kurth partner Fred Eames described the new group this way in a statement to Axios:

"The Center is a voluntary association of energy companies, industrial energy users, and other energy-related entities formed to promote the energy industry’s interests in issues related to carbon capture and storage, to improve the greenhouse gas emissions profile of fossil fuels, and to enhance the economic opportunities from use of CO2 with benefits for the economy, energy security, and the environment."

The big picture: Deployment of carbon capture and storage tech has been slow to get off the ground. But a new U.S. law — part of the big February federal spending deal — expands tax incentives for direct sequestration or use of captured CO2 in enhanced oil recovery.

  • More broadly, International Energy Agency head Fatih Birol frequently says the amount of investment and activity worldwide around carbon capture is troublingly low.

One level deeper: Eames is former counsel to the House Energy and Commerce Committee and has previously worked with industry clients on carbon capture and storage through a group called the CCS Alliance.

  • That group has not reported any lobbying expenses in two years.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 10 p.m. ET: 1,014,673 — Total deaths: 52,973 — Total recoveries: 210,335Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 244,678 — Total deaths: 5,911 — Total recoveries: 9,058Map.
  3. 2020 updates: The Democratic National Committee said its July convention will be postponed until August because of the coronavirus. A federal judge declined to delay Wisconsin's April 7 primary election.
  4. Jobs latest: Coronavirus unemployment numbers are like a natural disaster hitting every state.
  5. Public health latest: Anthony Fauci called for all states across the U.S. to issue stay-at-home orders. The FDA will allow blood donations from gay men after 3-month waiting period, citing "urgent need."
  6. Business latest: Treasury Secretary Steven Mnuchin said oil companies are eligible for aid from new lending programs the Federal Reserve is setting up, but not direct loans from his department.
  7. U.S.S. Theodore Roosevelt: Navy removes captain of aircraft carrier who sounded alarm about coronavirus.
  8. 1 future thing: In developing countries, consequences of COVID-19 could be deeper and far more difficult to recover from.
  9. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Mark Meadows considers new White House press secretary

Photos: Alyssa Farah, Defense Department; Stephanie Grisham, Alex Wong/Getty Images; Kayleigh McEnany, Scott W. Grau/Icon Sportswire via Getty Images

White House Chief of Staff Mark Meadows has privately discussed bringing on Pentagon spokesperson Alyssa Farah or Trump campaign spokesperson Kayleigh McEnany as a new White House press secretary, two sources familiar with the talks tell Axios.

Why it matters: Meadows' start on Tuesday as Trump's new chief presents a chance to overhaul a press shop that's kept a low profile since President Trump ended the tradition of daily press secretary briefings.

CNN: Fauci advises all states issue stay-at-home orders

Dr. Anthony Fauci listens to President Trump speak during a briefing on April 1. Photo: Win McNamee/Getty Images

Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci recommended on Thursday that all states across the U.S. implement stay-at-home orders, at a CNN town hall.

Why it matters: The recommendation stands in contrast to President Trump's calls for "flexibility." Nearly 4o states have issued stay-at-home orders to promote social distancing as a way to combat the novel coronavirus — but the orders vary in strictness and duration.

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