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So much for that theory that there is no money for these hugely profitable players in the carbon trading scheme.
-Big energy and engineering companies will reap most profit from a climate deal due in December, as they use their financial and intellectual clout to grab low carbon subsidies
-Utilities and oil companies, among the biggest polluters, are using their market awareness to stay ahead of a climate race, manoeuvring to own the most viable low-carbon technologies.
-In addition, they are a natural magnet for government incentives (not a surprise)
-CCS(carbon, capture and sequstration) is receiving billions of dollars but may take a decade to develop. It is popular with big corporates as a bolt-on to coal plants which may use depleted oil wells to store carbon dioxide
-The European Union's executive Commission two weeks ago awarded 1 billion euros to 6 CCS projects, Alberta has committed 2 billion dollars for carbon capture
And the DOE has been on a virtual tax payer funded spree to benefit big polluters, read oil and coal
-Not everyone is happy that oil firms, utilities and big engineering companies may hold the keys to a low-carbon future,
-High-carbon utilities ( big oil) may also have an unfair headstart after winning windfall profits under Europe's emissions trading scheme,