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9

December Issue

Mining

People

Comments

Phone: 812.490.1525

email:

sales@matrixteam.com www.MatrixTeam.com

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Mining People Jan-Feb 2018.qxp_Layout 1 11/18/18 10:10 AM Page 1

“President Trump is right

to call for eliminating

the costly federal sub-

sidies going to electric

vehicles,

which were put

in place to reduce our de-

pendence on foreign oil. Today, they are

no longer needed since America is now

leading the world in energy production.

The electric vehicle subsidy benefits a

privileged few at the expense of all tax-

payers.”

–AEA President Thomas Pyle.

“Based purely on the technical life-

time of existing power stations,

the

Australian market operator predicts that

70 percent of coal-fired generation ca-

pacity will be retired in New South Wales,

South Australia and Victoria by 2040. If

renewables continue to fall in price, it

could be much sooner. We must now

urgently decide what a ‘just’ and ’fair’

transition looks like. There are many Aus-

tralians currently working in the energy

sector – particularly in coal mining – who

risk being left behind by the clean energy

revolution.”

–The Conversation

“It makes sense to in-

vest in carbon capture

that will be around for

years to come.

If you’re

looking at it from a climate

standpoint, you can’t af-

ford to have power plants for the next 50

years without carbon capture. It’s just too

early to say the technology is too expen-

sive to work…it hasn’t enjoyed the same

tax incentives as renewables until recent-

ly with 45Q. That provides $35 -$50 per

ton of carbon dioxide captured and either

stored or used. It’s authorized until the

end of 2023. Just think about how many

years it took for wind and solar from when

the first projects were developed to when

the industry now is scaling up. It didn’t

happen overnight. Over $2 trillion that’s

been invested in clean energy globally,

less than 2/10 of 1 percent of that total in-

vestment has gone into carbon capture.

In terms of reducing costs, we’re just at

the beginning of that process.”

–Brad Crabtree, vice president of fossil

energy, Great Plain’s Institute and co-

director of the Carbon Capture Coalition.

“Based on our tracking of utility inte-

grated resource plans as well as other

public announcements,

we expect utili-

ties outside of California to procure more

than 15 GW of solar in the coming three

years, a number that has increased by

several gigawatts over the past year.

Much of the growth is coming from re-

gions such as the Midwest and the mid-

Atlantic, which are still in the early stage

of utility-scale solar adoption.”

–CEO Mark Widmar, First Solar Inc.

“In 2018 the United States continued

to drill

its way toward energy indepen-

dence. With the country now producing

record-setting amounts of oil and natural

gas, the need for infrastructure to trans-

port those resources from the Bakken,

Marcellus, and Permian shale formations

all the way to New England – is more im-

portant than ever. Fortunately, midstream

projects such as the now-complete

Rover Pipeline and expanding Dakota

Access Pipeline are setting the stage

for safe and efficient energy transporta-

tion across the US. GAIN is hopeful that

2019 will be another momentous year for

American energy.”

– GAIN Now America.

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