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...cold months of last winter, both Germany and Britain relied heavily on coal to meet power requirements. And coal remains a key power source in many other countries, including Poland, Israel and Spain. But coal use is on the rise, thanks largely to a building spree of coal-fired plants in China and India. World consumption jumped from 3.5 billion tons to 4.6 billion tons between 1994 and 2004. Part of coal's appeal is relative security of supply. Most natural gas reserves are in the Middle East and Russia; the former is a volatile region, and the latter...

Author: /time Magazine | Title: Coal's Bright Future | 7/16/2006 | See Source »

...their own, however, these technologies aren't enough to decrease overall emissions because the world's coal-burn rate is rising so quickly. For overall emissions to fall, plants also need carbon capture and storage ( ccs) technologies that shunt the compressed CO2 deep into the ground, perhaps into depleted oil and gas reserves, or into saline aquifers beneath the ocean floor. Sequestration technology works - oil companies have been using it for years - but so far it hasn't been used in conjunction with a power plant. The promise of ccs coal plants has won the approval of some environmental groups...

Author: /time Magazine | Title: Coal's Bright Future | 7/16/2006 | See Source »

...have a list of six or seven expansion opportunities. The one in Oman will be finished in early 2008. Oman was chosen because of its abundance of natural gas. We're considering expanding our Iceland plant based on geothermal electricity--very clean, renewable electricity at reasonable cost. That fits into Alcan's philosophy of developing energy resources to support our smelting and is similar to what we've done in Canada, where we own our electric requirements and generate it through hydropower...

Author: /time Magazine | Title: CEO Speaks: Q&A Alcan's Metal Maven | 7/16/2006 | See Source »

...have upgraded to AP35 and have AP50 under development. AP originally stood for Aluminum Pechiney, and it is numbered by the amperage of the cells. So AP35 is technology that uses 350,000 amperes. It improves the capital efficiency of the plant and the energy efficiency of using the electricity. Today it's about 95% efficient, whereas when I started 30 years ago, 85% was typical...

Author: /time Magazine | Title: CEO Speaks: Q&A Alcan's Metal Maven | 7/16/2006 | See Source »

...chief reason: an imaginative collection of homegrown and hard-to-duplicate guest amenities that include custom-made leather cowboy boots and belts, spa treatments infused with extracts of the native agave plant, cattle drives, shooting contests, plates of rattlesnake cakes and wild-boar schnitzel, and overnight camping trips to a nearby ghost town. The West can be won for $215 to $825 a night. "To capture the attention of travelers, we have to offer a variety of indigenous amenities that create a unique experience at every turn," says Daniel Hostettler, managing director of the $80 million resort development. "That...

Author: /time Magazine | Title: Global Life: One-of-a-Kind Getaways | 7/16/2006 | See Source »

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