Word: coaling
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When a U.S. alternative energy company signed a technology license contract last month to enable China's largest coal company to build a $2 billion plant to liquefy coal in Inner Mongolia it may have been sealing the future of OPEC. If the technology lives up to its promise and can economically transform coal into diesel and gasoline it may tip the geopolitical scales by reducing the dependence on oil of coal-rich countries like China, the U.S. and Germany. At the same time it could significantly decrease pollution blamed for global warming and acid rain. Many countries...
...tour guide, I felt briefly like the hero from a John le Carr? thriller, soon to be swapped for a rival spy. At the midway point my keeper motioned me quickly off to the side. The daily train to the North Korean capital, Pyongyang, approached from Ji'an, its coal-fueled engine blowing black smoke and steam into the clear, summer sky. The imposing engine lurched by within feet of us, the wooden bridge shuddering under its weight. The train's handful of North Korean passengers peered down at me quizzically. A few even scrambled to the train's third...
...megawatts. The U.S. firm GE Wind Energy recently announced new turbines capable of producing 3.5 megawatts offshore. The technological improvements have lowered the production cost of wind power to about one-fifth what it was 20 years ago - a level that promoters say is broadly competitive with newly constructed coal- or even gas-fired plants, the cheapest source. Because of its high initial investment costs, wind power is still not economical without some form of subsidy. Wind's advocates call subsidies a necessary anti-pollution tradeoff. "If you decide to pay only the market price for coal- and gas-fired...
...business run by the Bakrie clan, which has interests ranging from real estate to palm oil to telecommunications. Lately, the Bakries have experienced difficulty raising capital due to the underperformance of the conglomerate as a whole. When Bumi Resources needed $150 million to buy Indonesia's second largest private coal company, it received it from the state-run workers pension fund?Jamsostek?and the country's largest bank, Bank Mandiri. A businessman intimate with the deal says Taufik supported Bumi's funding requests. Not so, says a spokesperson for the Bakrie Group of companies, and when asked about the transaction...
...about an Administration that professes to be nonpolitical. A top strategy point advises Republican candidates to "focus on the war and economy," though the White House has said the war effort will not be used to win votes. A section that dissects key groups targeted by the President includes "coal and steel" states, offering support for Democratic charges that Bush is catering to those constituencies with his pro-industry decisions on air-pollution regulations and steel tariffs. A map of states that are "special concerns" neatly meshes with the states Bush has visited repeatedly to participate in events that aides...