Basin project to capture C02 pegged at $300 million
The Bismarck-based company chose Powerspan Corporation of Portsmouth, New Hampshire, to provide the technology to remove about 1 million tons of C02 annually from one of two units at Basin's Antelope Valley Station.
The project is expected to recover 57 million cubic feet of carbon dioxide daily. The gas will then be piped to the North Dakota oil patch and to southern Saskatchewan, where it will be pumped underground to force oil to the surface.
Carbon dioxide emissions are widely blamed for global warming.
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Nine EU countries oppose electricity market reforms as fix for energy price spike
BRUSSELS - Germany, Denmark, Ireland and six other European countries said on Monday they would not support a reform of the EU electricity market, ahead of an emergency meeting of energy ministers to discuss the recent price spike.
European gas and power prices soared to record high levels in autumn and have remained high, prompting countries including Spain and France to urge Brussels to redesign its electricity market rules.
Nine countries on Monday poured cold water on those proposals, in a joint statement that said they "cannot support any measure that conflicts with the internal gas and electricity market" such…
