G8 MEMBER COUNTRIES023saving energy. From China to Germany, countriesrecognise that the nation that leads the clean energyeconomy will lead the global economy. Andmeanwhile, here at home, as politicians in Washingtondebate endlessly about whether to act, our own militaryhas determined that we can no longer afford not to.So moving towards clean energy is about our security.It is also about our economy. And it is about the futureof our planet. And what I hope is, the policies we havelaid out - from hybrid fleets to offshore drilling; fromnuclear energy to wind energy - underscores theseriousness with which my administration takes thischallenge. It is a challenge that requires us to breakout of the old ways of thinking, to think and act anew.And it requires each of us, regardless of whether we arein the private sector or the public sector, whether weare in the military or in the civilian side of government,to think about how we could be doing things better andsmarter - so that we are no longer tethered to thewhims of what happens somewhere in the Middle Eastor with other major oil-producing nations.So I am open to proposals from my Democratic andRepublican friends. I think we can break out of thebroken politics of the past when it comes to our energypolicy. I know we can come together to passcomprehensive energy and climate legislation that isgoing to foster new energy - new industries, createmillions of new jobs, protect our planet, and help usbecome more energy independent. That is what we cando. That is what we must do. And I am confident thatis what we will do. nThis is an edited version of President Barack Obama'sremarks on Energy Security at Andrews Air Force Baseon 31 March 2010. For more information please visit:www.whitehouse.gov.
""8 nations are industrialised andenterprising. For developed and emergingcountries, energy consumption simplycomes with the territory. Today, alternativecleaner coal technologies are emerging and necessary.Now being explored, these new technologies arecreating a new wave of industrialisation for aprosperous and greener energy future.Members of the G8 uniquely understand the need forindustry. Industry underpins economies. If industriesfail, economies fall. Cast back to the year 1973. It wasat this time the G8 formed after an oil crisis gave way to a subsequent global recession. Today, G8discussions focus on topics including health, lawenforcement, labor, economic and social development,foreign affairs, justice and interior, terrorism, andtrade. Interestingly, they also focus on energy and theenvironment.Throughout the course of history, coal has been adriving force behind the industrialisation, developmentand modernisation of nations. Economicallyrecoverable world coal reserves, identified across 70countries, are estimated to be in the order of 850billion tonnes. At today's current production rates, thisis believed to last for the next 150 years1. As concernsare raised about the use of coal in a now carbonconscious era, alternative cleaner coal technologies areemerging with solutions to provide environmentallyfriendly and cost efficient energy.As the demand for and cost of traditional energysources rise, developed and emerging nations are nowlooking for new alternatives to use coal to fuel theireconomies. Even developing nations are catching on.Energy alternatives that can offer cleaner energysolutions are a must for the future. One technology inthe spotlight is Underground Coal Gasification, orUCG. UCG accesses deeper coal while it still lies underthe ground. This technology offers countries with coalresources a significant means to secure their ownenergy futures, and in this, their economic prosperity.Some of the world's biggest economies have a greatdeal of coal. Take the United States and Russia as anexample. Between them they have close to half of theworld's known recoverable coal reserves, accountingfor around 44 per cent, or just over 400 billion tonnesof coal2. The World Energy Council suggests that UCGcould potentially increase known world coal reservesby 600 billion tonnes3. With the application of UCG,countries with coal now have a unique opportunity toaccess an abundant source of cleaner energy.Linc Energy is the world's leading UCG company.Based in Brisbane, Australia, the company hasconstructed the world's first UCG to Gas to Liquids(GTL) demonstration facility for the production ofcleaner energy solutions. UCG synthesis gas is an idealfeedstock for the GTL process to produce cleanerdiesel and jet fuel. It is also an ideal feedstock for gasturbine power generation. There is no doubt there is agrowing international interest in UCG. The UnitedStates, China and India are all interested in thetechnology and how it can play a role in securingcleaner energy for the future.UCG is a form of coal extraction and works by drilling aseries of wells deep into the coal seam. An oxidantsuch as air or oxygen is then injected. The coal isheated to 1,200 degrees centigrade. Heat, pressureand water from the coal seam then work to convert thesolid coal to a gas. The technology is recognised as an additional andNEW ENERGY FOR CLEANER INDUSTRYTHROUGHOUTTHE COURSE OFHISTORY, COALHAS BEEN A DRIVING FORCEBEHIND THE INDUSTRIALISATION, DEVELOPMENTAND MODERNISATIONOF NATIONS024CLEAN COAL TECHNOLOGYGPETER BOND, CHIEF EXECUTIVE OFFICER, LINC ENERGY LTD.?