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Google Announces Gas-fired Broadwing Energy Project with CCS

LCG, October 23, 2025--Google announced today a first-of-its kind agreement to support a natural gas-fired power plant with carbon capture and storage (CCS). The 400-MW Broadwing Energy power project, located in Decatur, Illinois, will capture and permanently store its carbon dioxide (CO2) emissions. By agreeing to buy most of the power it generates, Google is helping get this new, baseload power source built and connected to the regional grid that supports our data centers.

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EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

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Industry News

India's Financial Credibility on the Ropes

LCG, June 4, 2001"There has been a lot of slippage" over the past year in India's efforts to build credibility with foreign investors, according to Moody's Investors Service which has pegged the country's credit at Ba2, two notches below investment grade since mid-1998, but Moody's has no plans to change its positive outlook for the time being.

"We do discuss whether the rating is appropriate given the risks we see and whether the positive outlook is still warranted," Kristin Lindow, Moody's lead India analyst, said Friday, "But as of this moment we have not decided to change that."

Standard & Poor's said last week that it was concerned about the size of India's budget deficit and on Thursday a third credit rating agency, Fitch, lowered its rating outlook on India's sovereign debt from stable to negative, citing deterioration of the nation's foreign investment climate.

India's financial credibility suffers from high combined deficits of the federal and state governments, amounting to about 10 percent of gross domestic product, insufficient budget cutting efforts and problems associated with Enron Corp.'s investment in a huge power project in Maharashtra state.

Enron's Dabhol Power Co. is the single largest foreign investment in India and is in danger of collapse, due to failure of the Maharashtra State Electricity Board to honor contracts signed in the mid-1990s.

"The dispute indicates that India's government may not be willing to live up to its contractualobligations," Lindow said. "As a consequence, this would further deter foreign direct investment fromcoming into the country."

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