Charm Industrial’s (Charm) $53M deal with Frontier to voluntarily sequester bio-oil underground is an example of early market leadership for alternative subsurface deployment methods in the negative carbon emissions market. SCS was instrumental in developing the pilot programs, initial testing, and regulatory approvals allowing Charm to scale up its processes and deliver on this commitment.
This deal will remove 112,000 tons of carbon dioxide by 2030. Charm’s method involves converting excess organic material, like corn stover, into bio-oil and putting that oil into abandoned oil wells.
Carbon capture has been a focus for Frontier for some time now. Prior to this announcement, they partnered with early-stage startups to remove 9,000 tons of carbon. This landmark deal is a continuation of Frontier’s efforts to spark growth and bring attention to the industry and is one of the largest legally binding agreements to date. SCS is thrilled for Charm and Frontier and this huge step forward. See the recent CNBC news article below for more information on this deal and its carbon offset impact.
An aggressive carbon abatement goal often referred to as deep decarbonization, requires systemic changes to the energy economy. The scale and complexity of these projects are enormous, but achievable in our children’s lifetime. Legal Pathways recently published a legal toolkit Legal Pathways to Deep Decarbonization in the United States containing key recommendations and information from its larger publication to be released later this year. Both are a treasure trove for public and private decision-makers who desire pathways to a smaller carbon footprint.
The slimmer version works as a legal guide for businesses and municipalities interested in reducing greenhouse gas (GHG) emissions in the U.S. While each entity may draw on some, but not all, of the publication, it is a significant resource for public and private decision-makers who desire, or are working toward meeting stricter regulatory policies.
The authors identify all the legal options for enabling the U.S. to start addressing a monumental environmental challenge. Decision-makers can use combinations of resources to achieve their desired goals by employing these legal tools.
Thirty-four chapters cover energy efficiency, conservation, and fuel switching; electricity decarbonization; fuel decarbonization; carbon capture and negative emissions; non-carbon dioxide climate pollutants, and a variety of crosscutting issues.1 Each topic area identifies the main legal issues; then covers the options involving federal, state, and local laws.
With enough detail for readers to comprehend pathways best suited for them, the book is written for those who do not have legal or environmental engineering backgrounds. The authors include options even if they are not politically realistic now, recognizing that some may have value over time by becoming a legal pathway.
Notes and Citations
1 “Legal Pathways to Deep Decarbonization in the United States,” by M. Gerrard and J. Dernbach, Editors, 2019
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