HARC President and CEO John Hall argues Texas has a critical opportunity to lead the emerging carbon management industry, which could generate $15-150 billion in investment by 2050. With the nation's largest geological carbon storage capacity, Texas is uniquely positioned to capture this growing market but must immediately develop comprehensive regulatory frameworks.
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CGMF celebrates the 106th anniversary of George Mitchell’s birth May 21, reflecting on the enduring values of a Texas icon. His duality underpins the complex legacy of an individual whose innovations revolutionized America’s energy sector while firmly committing to responsible, sustainable development, environmental stewardship, and the advancement of advanced energy technologies.
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As part of a multi-stakeholder dialogue on carbon management resources convened in partnership with RMI, an ad hoc working group produced this statement urging Texas to lead the low-carbon energy market by leveraging its vast geological storage, 20,000 miles of pipelines, and energy workforce expertise. Carbon management could attract over $100B in investment over the next 25 years.
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A CGMF-funded report by University of Texas researchers says Texas can lead in energy abundance through strategic investment and diversification. The study shows Texas can meet its projected 80% electricity demand increase by 2035 by doubling natural gas capacity, quadrupling wind, tripling solar—while developing clean firm power sources like carbon capture, nuclear, and geothermal.
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The Cynthia and George Mitchell Foundation’s annual report is a snapshot and archive of 2024, highlighting CGMF's grantmaking programs and the significant issues, actions, and stories of its grantees and thought partners who contributed to its mission.
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Building on the Permian Basin's status at the center of the global energy economy, the Permian Energy Development Laboratory (PEDL) is a two-state consortium focused on conducting advanced energy research and deployment, educating the next generation of energy professionals, and supporting energy-intensive communities. CGMF launched and continues to incubate PEDL.
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Texas is uniquely positioned to lead the world in the growth of geothermal energy and its importance in transitioning to a carbon-neutral economy. A landmark study, co-funded and supported by CGMF, represents a multi-year, multi-disciplinary, cross-collaborative effort by researchers from the University of Texas at Austin, SMU, Rice University, Texas A&M University, the University of Houston, University Lands, and the International Energy Agency.
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Systemic racism is insidious. Redesigning and rewiring our structures and systems will require persistent effort and an unwavering commitment to racial equity. The time for real, viable change is now.
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