Redefining Society and Technology Podcast

Need for Clean Energy. Bridging the Gap: Harnessing Technology for a Sustainable Society | A Conversation with Jeff Allison | Redefining Society Podcast with Marco Ciappelli

Episode Summary

Get ready for an eye-opening conversation on the Redefining Society Podcast with Marco Ciappelli! In this episode, we explore the power of technology to address pressing environmental issues and redefine our society for a sustainable future.

Episode Notes

Guest: Jeff Allison, President at Delta CleanTech [@DCleantech]

On Linkedin | https://ca.linkedin.com/in/jeff-allison-51b48435

Host: Marco Ciappelli, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining Society Podcast

On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/marco-ciappelli
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Episode Introduction

"Get ready for an eye-opening conversation on the Redefining Society Podcast with Marco Ciappelli! In this episode, we explore the power of technology to address pressing environmental issues and redefine our society for a sustainable future."


Welcome to another exciting episode of the Redefining Society Podcast! In this episode, host Marco Ciappelli engages in a fascinating and crucial conversation with guest Jeff Allison. They discuss the environment, technology, and the pivotal role that good technology can play in saving our planet and making it thrive.

Marco and Jeff dive into the complexities of renewable energy, pollution, and the ongoing efforts to clean up the mess humanity has made. The conversation prompts listeners to think about the future of our planet and the importance of incorporating environmentally conscious innovations into society.

Jeff shares his expertise on how his company is leveraging existing technology to improve efficiency and reduce capital costs in post-combustion carbon capture processes. They discuss the environmental and social governance (ESG) movement, which is pushing companies to adopt more sustainable practices and meet specific guidelines.

During the conversation, Marco and Jeff also touch upon the idea of green credits and the various government incentives and penalties to encourage companies to reduce their emissions. Using Canada as an example, they explore how the combination of carrots and sticks can push industries to take environmental responsibility seriously.

Furthermore, they delve into the innovative ways of utilizing captured CO2 for commercial purposes, such as making carbon nanotubes, mixing it with hydrogen to create ethanol or methanol, jetting it into concrete, or even using it in the production of beverages like vodka. The ultimate goal is to offset the cost of reducing emissions by finding new applications for the captured CO2.

Listeners can expect an insightful conversation that will inspire them to think critically about the role technology plays in saving our planet. This episode is likely to spark curiosity, and listeners may feel compelled to share it with friends and family. By subscribing to the Redefining Society Podcast, they can stay up-to-date on all the latest episodes. Together, everyone can explore the challenges and opportunities that lie ahead as we work towards a sustainable future for our planet.

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Resources

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To see and hear more Redefining Society stories on ITSPmagazine, visit:
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Episode Transcription

Please note that this transcript was created using AI technology and may contain inaccuracies or deviations from the original audio file. The transcript is provided for informational purposes only and should not be relied upon as a substitute for the original recording as errors may exist. At this time we provide it “as it is” and we hope it can be useful for our audience.

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voiceover00:15

Welcome to the intersection of technology, cybersecurity, and society. Welcome to ITSPmagazine. Let's face it, the future is now we're living in a connected cyber society, and we need to stop ignoring it or pretending that it's not affecting us. Join us as we explore how humanity arrived at this current state of digital reality, and what it means to live amongst so much technology and data. Knowledge is power. Now, more than ever.

 

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Black Cloak provides concierge cybersecurity protection to corporate executives, and high net worth individuals to protect against hacking, reputational loss, financial loss, and the impact of a corporate data breach. Learn more at Black cloak.io. big crowds award winning platform combines actionable contextual intelligence with the skill and experience of the world's most elite hackers to help leading organizations identify and fix vulnerabilities, protect customers and make the digitally connected world a safer place. Learn more@bugcrowd.com Devo unlocks the full value of machine data for the world's most instrumented enterprises. The Devo data analytics platform addresses the explosion in volume of machine data and the crushing demands of algorithms and automation. Learn more@devo.com.

 

Marco Ciappelli01:52

And here we are another episode of redefining society podcast and with me today. There is Jeff holics. And Jeff, how are you today?

 

Jeff Allison02:04

Really good Marco, very pleased to be here today.

 

Marco Ciappelli02:07

And I'm glad to have you because today we're talking about a topic that is very dear to me and you, you have a particular knowledge of a certain area, a certain aspect of this very general topic, which is the environment. Renewable energy is one of the side polluting is another and then I'm going to say there is the cleanup of what maybe we have done. And we shouldn't not have done that. But this is for you, humans, we we do something and then we're like, Oops, that's maybe we should have done it in a different way. Now we're gonna do something. And you tell us what, what, what is the you do in particular. But again, this isn't a redefining society, podcast, and of course, environment, technology and how it affects our lifestyle and the way we live our life. It's definitely a really relevant topic as we are redefining society to technological modern world. So with this said, Jeff, a little bit about yourself for our audience. And then we're going to dig in in what you do and how we got here and what we can do to get out of this trouble and

 

Jeff Allison03:19

Well, thanks, Marco, very pleased to be here. Just a little background on our company. Our company is called delta cleantech Inc, and we're a public company. We were out of Canada out of Calgary, Alberta, and Regina, Saskatchewan. And really what we are is a company that's been set up to help solve a couple of couple of society's major problems right now. And as you as the audience probably knows, you've probably heard about greenhouse gases and the fact that co2 is one of the byproducts of of emissions. So whether you have a coal plant, or a refinery or hydrogen plant or whatever, anything that's burning a fossil fuel is going to emit carbon. And that carbon is usually in the form of what they call co2, which is, as you know, is they call a greenhouse gas. And what happens is when the when the greenhouse gas goes up into the atmosphere, it it creates a like a blanket, and it increases the overall temperature of the earth. So there's been a movement now that's been going on for a while, I'd say at least 20 or 30 years now, which is looking at the world in various protocols to try to get countries around the world to try to reduce their emissions overall, so that our average temperature of the world doesn't go up and we're starting to see some of the the effects of of that temperature going up whether it be more and more hurricanes or bad weather or climate change or icebergs melting or or you know, glaciers melting and all these different things that are not good For our environment, so what our company does is we've taken a technology that's been around for actually many years, probably since the 1930s. It's called post combustion aiming capture process. And what we do basically is we, we take the flue gas that comes out of a smokestack, any kind of smokestack, really. And then we put it through, there's two columns, and the first column is called what we call the absorber column. And, and what you do there is you push the flue gas through the absorber column and, and then you drop the solvent down from the top. And then that solvent when it passes the flue gas and absorbs the co2. And then what you do is you take it to the other side of the column, which is called a stripper column, and then you add heat to that, and then that boils off the co2 and you've got co2 in a pure form. And then that whole cycle repeats itself. So it's a process has been around for a long time. And what we've done, as a bunch of engineers and scientists that work in our company, is we looked at ways to make that process more efficient. So ways to reduce the capital costs of building these plants. And so what we do is we use oil field technology, and we build our plants, on skids. And in factory setting. And then we looked at ways to reduce the operating costs and that and, basically, you know, 5% improvement here and a 10% improvement there. And at the end of the day, now, we have a very commercial technology that is very easy to use, and very easy to install. And so we've been working on a number of projects worldwide. We've been in the business for probably about 17 years now. And it's been a fight, as you know, there's was the original Kyoto protocols and that and, and what happened was that, you know, there was a lot of interest in reducing emissions, but countries overall with would start pointing fingers at each other and say, Well, you know, if China is not going to reduce their emissions, we're not because then because then we'll be less competitive. And always lots of reasons not to do it, Marco, you know, and, and so, you know, we got a lot of engineering studies over the years and stuff, but there's actually been a bit of a fundamental shift in this whole area over the last, probably one or two years now. And one of the, there's a couple of things, but one of the main ones, is what they call the environmental and social governance movement, which is where companies are saying, or ESG is for short, and they're saying, you know, you have obligations as a company to be able to meet some ESG guidelines. And a lot of the major companies around the world like, you know, Amazon, or Microsoft, or these other companies are all standing up and saying, you know, we're going to be net zero by 2030. So if you're a large oil company, no, and Exxon, or shell or somebody like that, and you're saying, we're going to be net zero by certain you've made these commitments, you know, you've made a legal liability to people that are wanting to invest in your company, to say, Okay, well, you know, I have an I have a green energy fund, and I'm going to invest in your company, Mr. Shell. But I'm investing on the basis of your ESG guidelines that you're telling me you're saying you're going to reduce your emissions by a certain amount by 2030. And so now, so they've made some formal commitments and the Capitol, people in New York and Toronto and London are also saying the same thing. They're saying, Well, you know what, Mr. Oil Company, I'm going to give you the money, but you have to give me your ESG plan. So what are they going to do? Well, there's, there's only a couple of things they can do. I mean, obviously, if they reduce their emissions from a lot of their big emitting plants, if you have a big coal plant, or a big refinery, or a big hydrogen plant that is putting 1000 tons a day of co2 into the atmosphere, you need to do something about it. So there's a lot of different technologies around now that are are looking at how we deal with this problem. I would say that out of all of them in the world right now, that are looking at this, you know, the post combustion AMI process that ourselves and a number of our competitors are using is probably what I would consider to be the most commercial. There's a lot of others, which I call science experiments, which are work really good on the bench, but they probably need another 10 or 20 years to try to work out the commerciality. So this whole business really is about starting off by reducing emissions using known technology that's commercial like ours, building a few plants reducing the emissions And then as we go over time, then we can also look at some of the new technologies and, and new things that we can do. Because at the end of the day, you know, you can't just say, you know, well, let's just give up fossil fuels. Well, you know, that's not that's not realistic, because everybody still drives cars, and they still fly in airplanes in the, and they still like plastics and, and everything you look at your desk right now is probably in one way or another related to fossil fuel. So what can we do in the in the interim? Well, the interim thing is, is to, to reduce your emissions. So either whether it be your power emissions, or whether it be your mobile fuel emissions, by using technologies, such as ours, as kind of a bridging technology, and then at the same time, then you end to implement some of the, you know, the more environmentally friendly technologies like wind and solar, and tidal power, or potentially in the future, you know, can we get fusion power working and, and other very interesting new energy technologies? I mean, obviously, if you can duplicate the power of the sun and using Fusion, and create unlimited amount of energy, then you know, then Leon moss and his battery powered cars start to make a lot more sense, don't they? Because now you can charge your car, and you don't have to worry about where the power is going to come from. Because if you're charging your car, and it's coming out of a coal power plant, kind of doesn't make sense.

 

Marco Ciappelli11:37

Yeah, and you know, you're gonna have to deal eventually with a radioactive residual of whatever. Sure. Yeah. So you said a lot of things. And my, my brain started going in, what does the audience want to know about certain things? And there's a few questions. So let me allow me to ask you a few. And they may sound stupid, but I don't think there are ever stupid questions or a stupid question. Exactly. So why is this stage? Okay, as I mentioned at the beginning, you know, this is typical human, we couldn't perceive these, we couldn't just go in electric 100 years ago, which, by the way, if I learn exactly that first cars were actually electric. So who knows where we could have gone with that. But apart from that, now, we're at a point where we just can't just as you say, scratch everything. We're too invested in this to just say, yep, from now on. No more jobs. In the in that business, no more jobs in another business. We're just going to reinvent everything from scratch. I understand is not that easy. So is that something that has clicked lately? You said there has been a switch a certain point, okay, where a point where I say, you know, technology, different technologies converted together to allow a lot of different things. car batteries, it's one of those, you know, and he's still developing to income, read more energy, recharge faster and having the infrastructure to do that. So what is the situation based on your experience of cleaning up the mess that we have done, given that we need to do steps to get to know produce the leftover? That is really damaging the environment? But can we actually get stuff done? Like, clean these air from co2 is faster than I mean, is it a net gain here? Or are we kidding ourselves?

 

Jeff Allison13:44

No, absolutely. And I'll tell you, Canada is a good example. I, you know, it's not often you can brag about your own country. But, you know, one of the things that that has happened is and I think our government realized that, you know, it's a bit of a carrot and stick issue, you know, what is your carrots and what are your sticks. In Canada, they they did both the carrots being that the provided government grants to if you wanted to build a co2 capture plant, they'll finance 50% of the cost, and they will also give you tax incentives. And then the stick is really we've implemented a carbon tax in Canada. And that carbon tax currently is $50 a tonne. That what you would pay if you're an emitter, so and then that's going to go up to $130 a tonne by 2030. So if you're a large emitter, and you're you're emitting a million tonnes a year, you know, million tonnes times $50 this year and then a million tonnes times 130 There's a real financial penalty for you not to do something. And on the other hand, the carrot being if you do do something, here's 50% money that's non repayable. That just goes towards the cost. So, what's that effectively done? Is it got everybody over that hump of pointing fingers and saying, okay, you know, we've got our ESG commitments we got to make, we've got tax incentives. And now, you know, we've got penalties as well. Now, in addition, one more thing that's that's happened is that our company was involved in a project called the X Carbon Capture X price here in Calgary. And what that was all about was that is that the Government of Canada and the Government of Alberta, and some other people put up some money. And they said, here's $10 million world, come out, and show us now. Now, we know pretty much how you capture carbon. But what do you do with it afterwards? afterwards? No, that's the always the biggest challenge. And in the past, you know, co2 has been used for such things as enhanced oil recovery. I don't know if your viewers are aware of what that is. But basically, what you do is you take co2, and you put it into an old oil well, and what co2 does is it, it acts like a solvent and almost dissolves the oil. And so what then what it does is, is that you can, you can put bunch of co2 down hole, and then you put some water behind it, and you push it over to the production well, and you can actually take a dead oil well, and actually start creating more oil out of there. So that's called Enhanced Oil Recovery. And that's been used quite a bit in Canada, the United States in a lot of the oil fields right now. But the XPrize competition was to look at ways what we can do to make co2 commercial. And so they they put out this competition for $10 million, they had about 140 applicants. And then out of those 140, they selected five, and it was very interesting. The the the five finalists in Canada, and there was five in the United States as well. And there was things like using co2 to make carbon nanotubes, which is something you know, carbon fibers used now in a lot of the materials and in airplanes and cars and other things instead of steel and plastic, things like mixing co2 with hydrogen and making things like ethanol, which is a co2 Vodka believer in an odd or methanol, which is used in the oil business quite a bit, putting co2 jetting co2 into concrete, and so on, and so on lots of very interesting ways that the secret really is if you can offset the cost of reducing your emissions, then then then your cost of capture comes down substantially. So if I can take my co2 that I've captured, and I can sell it, I can, let's say i There's a company in New York, New York that makes co2 based vodka, believe it or not. And so now if I can sell my co2 and make vodka and sell it, then my cost of capture is going to come down in the long run. And as you can see, I'm

 

Marco Ciappelli18:12

just wondering how much we have to drink to get rid of all the co2? Well, yeah, I mean, I don't want nothing against that company. But it sends more marketing pitch than Yeah,

 

Jeff Allison18:25

absolutely. Right. But, you know, if you if you add up all the different things that you can do, then yeah, you can take a good chunk out of out of your existing emissions, and then the rest of it, you know, they've got good technology now of putting it underground, and permanently storing it, and turning it into calcium carbonate or some other kind of rock that makes it permanently sequester. So there's lots of interesting things, like I said, like I said, the ESG, and the incentives and the carrots and the sticks and, and all those things and the other things that you can use, and also there's food grade co2, like using it to for you know, beer and wine and for the carbonation, beer and pop and all those other things. So

 

Marco Ciappelli19:14

yeah, what what is your take? Because I was listening to NPR a couple of and reading something about the green credit, and how a company are saying, Well, every time that I, if I understand it correctly, every time that you produce more than what you should you pollute more than what you should you pay a penalty. And that penalty is used to finance the removal of the co2 or reinvested somewhere. So and I feel like it's, it's really the way to go. I mean, again, I look at this as a game of, unless there is a synergy of everything. We're not going to go ahead. That's That's what I'm thinking from an environment Enter prospective, right? You need to capture what is there, what has been produced, you need to limit what the one you produce, and you need probably way to get there. And a lot of people were talking about this green credit, just the way to get away with a murder.

 

Jeff Allison20:16

Well, people that argue that and I would argue the opposite actually, because I'm actually we have a security company that that actually does that we take the, the co2 that we captured for the companies that we work for, and then we create green credits, and we help them trade. So that's, that adds on to the list of incentives, like the carrots for you to do this. It's another offsetting revenue source that you can add, to make it more incentive for you to actually reduce your carbon. And so carbon credits are, are traded. And they they are traded, usually by the companies like, like the Microsoft's and the Amazons that actually don't have big smokestacks, but they want to reduce their carbon footprint. So they would buy these so that that cash then comes back. And that does add to the ability of that companies can make their carbon capture plant more cost effective. And that's the secret, right? At the end of the day. Really, what does it boil down to? It boils down to business, whether you're making money or not, right? I mean, you can say, you know, as a company, oh, we're green. And then we're going to do this, and we're going to do that. And, and but in the end of the day, what is it really about, it's about making money. And it's about cost versus, you know, versus revenue? And am I going to do it, or we're not going to do it? Well, if all those ESG things are making me do it, and I can find out a good way to do it, and it's going to, it's going to offset my costs, then I'm going to do it. And that's what we're seeing right now. That's why the people are pounding our doors down, to find out about this, and why I'm hiring engineers as fast as I can hire him.

 

Marco Ciappelli22:06

And yesterday is definitely made a big difference in a switch maybe in the perception of the consumers, if there is really a value in being a true company, a company that really preach the walk the talk, and that actually does something for the environment. I think the new generation are definitely getting more involved with that. Which brings me to the next question, which is, when we talk about anything in our global economy, you know, we can say, oh, Canada is doing this, Italy's doing that the US doing this, or maybe California is doing versus Tennessee is not or vice versa. And I'm not nothing against Tennessee, I'm just using two examples. But the point is, this is something that once it goes in the air, there is no borders, right? There is no governance and the environment is of everyone, I'm not going to be using the overview effect of the astronauts that goes on the, you know, in space and look at the planet. And it's just one. So all of this to say how how hard is going to be on your opinion to really put everybody on the same page. And you mentioned that before, you know, China's not going to do it India, it's not going to do it because they have other interests. But at the end of the day, I'm an idealistic guy, I talk about dystopia, utopia, philosophy and sociology a lot. I'm like, we got one then planet, and so far, we can really just escape. You don't have the propulsion or the mean to do that. So how is it going on your opinion, or what the future looks like in terms of really everybody coming together? Not just to Paris, Paris? Or? Yeah, the Paris accord or than then people just going to sit down? I'm not going to be part of that. So I'm care.

 

Jeff Allison23:58

That's always been the challenge. Right. And that's what I've been fighting for the last 20 years, obviously. I mean, there's lots of idealistic people. And there's lots of people that realize that, that, you know, this admissions problem is real. I mean, there was a lot of people, I think you mentioned it earlier, a lot of greenwashing around this thing where companies would say how well we're doing this, but they really aren't, you know, are they? But what's happened recently is that every year they have environmental call it conference, the last one was caught 27 which was the one I was at in Egypt. You know, there's all the main countries are their primary the g8 countries. And but this year at COP 27 In Egypt, I mean, all the African countries were there as well. And they all have the same concerns. And and, you know, I I'm detecting that when I talk to the various companies as well around the world that they're, they're getting serious about trying to do something, they have good intentions. But I have to help them, show them a way that that I can make it economic as well, so that when their board of directors can sign off on it. So you know, that's why we have tried to help them in Canada, like, for example, with grandson, and the United States right now, under the Biden administration, you know, he made emissions reduction as his number three, platform technology when he was when he was elected. And he's got the 45 CUnit program now, which is good tax incentives for companies to actually do stuff on any of the things they do and emissions reduction, they can actually write off, which is a big step for the United States, because, you know, the United States was never part of Kyoto, back in the early days, you know, they always wanted to say, No, we're not part of this. And we're going to do our own thing. And as a result, nothing was done as you'd like you said, but, you know, am I, I'm cautiously optimistic, because I know that the reason I'm saying that is simply this is that companies are actually putting their money where their mouth is for a change. You know, they're, they're, they're at least doing demonstration plants, they're doing the engineering required to figure out, you know, what it costs and, and how they're going to do it and look at all the different technologies, whether, you know, whether they're going to do just an emissions reduction, or whether they're going to mix in some solar power, or wind or tidal power, or whatever, all the new different, you know, socially responsible technologies, you know, all of them are good, all of them have their their setbacks, right. I mean, you know, it mean, we see we saw in Texas, during the winter, the fact that if you have more than 50% of your grid is is solar or wind, you know, when you get a really cold snap, or a really hot snap, and all the air conditioners, kick in, or all the heaters kick in, you know, you can't meet the demand for electricity that you need, like a coal plant, you can just turn it up and you got more power. We're going solar, I mean, if the sun isn't shining, or the wind isn't blowing, that's it. Right? So there isn't any one solution, I can say to you, yeah, this is the way to go. Because there isn't, it's a mix. You know, you got to have a little bit of solar, you got to have a little bit of wind, you gotta have some fossil fuels, you gotta maybe have some nucular. You know, I mean, nuclear is a popular either, I mean, because you see what happens if there's leaks. So, and obviously, you know, if you can get if you can get fusion power, I mean, hallelujah, right?

 

Marco Ciappelli27:40

That's true. Listen, let me say something just to give you an idea, you know, to me, which I don't know enough about it and to the audience. So this this cleanup process of what you do the co2, you, you take you explain the technology you use, I know there are other technology out there, I can quickly read here and there. What all of those combined together in percentage, how much it influence the outcome of for the environment? I mean, if you put it on a scale,

 

Jeff Allison28:22

well, I can I can say yes. Is that if they, if if there was a serious implementation of, of the technology that we use, that we could 100% reduce the emissions in the world? That's it, you know, but what would it cost? It would cost me billions, and trillions. So

 

Marco Ciappelli28:42

is the cost of adoptions still? Too high? Meaning, I don't know. I'm thinking like, so here's me with my fantasy world, right? So I go to Kyoto, Tokyo, Kyoto, Tokyo, you mentioned Kyoto before a Tokyo, all the buildings, most of them they have a garden on the roof. Right? Great. You know, you buy something, buy this pan, and we're going to plant the tree. So I agree with you. I mean, everything works, right? What is going to be that time or what is needed from a technological perspective to reach that? Cause where, I don't know if it's even possible that on every building, there is some machine that clean up the air? I'm going sci fi probably hear but I really, really that far.

 

Jeff Allison29:32

That isn't sci fi. I mean, there's, there's, for example, one of our competitors have air capture technology, and you know, where they just capture the co2 out of the air. Well, I mean, if you just think about it, you know, the amount of electricity or energy that's required to get such a small percentage of co2 that's in the air to work. Just doesn't make any sense. Okay, so you know, it Is there ways to do stuff differently? Yeah, there is, you know, what we really need, though, is we need what, like what's happening right now in Canada was we need more companies to start to be the Forerunners and show you that this can work. And actually they can sell their co2 and make some money and it doesn't isn't such a hard cost to you. And then it's just like anything, you know, you more these your bills, the better you get at them, and the more the cost comes down, I mean, you know, if you can start production, lining some of this stuff, and, and maybe getting standard units that, that you've worked out and five other situations that are similar, you know, then you don't have to reengineer everything. And it's, you know, if your costs start to come down, and that goes with anything, doesn't it right, the more the more stuff you make out of a certain thing, the better you get at it. And that's the same, there's no difference in this business. You know, I'm not expecting that my solution is going to be the ultimate solution. But it's at least a solution for now that works, its commercial, and I come up prepared to put guarantees behind it. You know, is there going to be something better in the future? Yeah, probably. So am I always keeping my eyes open? I mean, it's no different than if you're in the IT business, right? If you don't keep your eyes open, you know, that's gonna be long before somebody comes along with a better software than you have. And you're out of business. And in a month or two, you know,

 

Marco Ciappelli31:26

the first adoption is important, but you know, you gotta maintain it to

 

Jeff Allison31:32

you got to always keep your eyes open, looking over your shoulder. Don't know, don't get too comfortable with where you are. Because there's always somebody with a with a with a better mousetrap, isn't there?

 

Marco Ciappelli31:41

Absolutely, absolutely. So, let's wrap this conversation with really a look into the future. Of course, you're, you're optimistic about it, you wouldn't be in this business, if you were not like, you know, you have a solution that works, you know, that you've been very positive in terms of where the government are coming together? And I mean, honestly, we don't have a choice. I mean, it's either that or it suppose the atomic scenario, even not necessarily atomic, but you know, it's gonna look not too good. So let's finish with a positive note. Do you expect some kind of technology to come together? I mean, do you believe that in within, I'm not going to keep you accountable for that, but you know, in many years, we can probably look back and be like, Well, we were really in a bad shape. And, and now we were really getting somewhere, you know, I don't know what kind of technology and and societal cultural changes have to happen. But what is your, you know, futuristic view on on this?

 

Jeff Allison32:54

Well, you know, all I can say is, out of all the years that I've been involved in the business, this last year has been the most promising to me. Because, you know, there's, people are actually doing stuff now versus just talking. They're actually spending money, and they're actually evaluating their own assets. Now, whether they do something at the end of the day, some of them are, some of them aren't, some of them might just buy credits, you know, they might decide that that's a better way to go for their company, is to buy carbon credits. But at the end of the day, like I said, if they buy some of these carbon credits, somebody's actually created that through their own plant. And the guy that created that, like the first guys in are the guys that are going to be going first of all, are going to be able to take advantage of the government funding that's available, you know, because that won't be around forever. So, you know, the first guys in are obviously going to be, I think, the most the best off? where's it gonna go? Well, like I said earlier, you know, you can't just say, well, we're gonna go, when we're gonna go solar, we're going to cut what cut off, you know, gasoline, or we're gonna do this or, you know, it's the Miss, you know, so am I confident? You know, I'm really confident that, that the smart guys that are working on all these research projects in California and the UK and Korea and other places are going to come up with a workable solar reactor or workable I'm sorry, fusion reactor, you know, and is that maybe 20 years away? It maybe is, but in the meantime, can we can we bridge something, and then that's what we hope to do as a company. We want to bridge you know, at least start the decline in the amount of emissions or at least the leveling off the emissions. And then from there, you know, then we also will implement, you know, more, you know, more electrical cars or moreish. efficient ways to burn stuff or less using less energy and the things that we do, you know, it's not one thing, it's it's everything, everything that everybody's doing to solve this problem is the answer.

 

Marco Ciappelli35:15

And I'm glad you, you end up with this because it is my message. It's kind of the message of ITSPmagazine. In general, we have many different podcasts, some are cybersecurity, some are, you know, hosted by astronauts that brings technology that we use in space and explain how then we adopted here. So, I mean, the moral of the story is, don't do nothing, just because you don't think is enough. Right? I mean, that you said that in so many different ways. And that's what I want to say as well, even even a little bit. And actually, thank you for making me understand that the green credit system, because I was not a believer in that, but the way you present it, I'm like, Okay, it's part of that, of that system, that that may work in the end. So cool. Very cool. Well, I want to thank you for taking your time here to sharing what you what you do what you're doing with your company, but also your vision. And I hope that the audience would have a much more clearer idea about what is happening right now in in this industry. And for everybody, anybody that wants to get in touch with Jeff, there will be links to the company links to his personal social media account if you want to share it. And they will be in the notes for this episode. So if you're watching the video, there's also podcast Be sure to subscribe. And if you're listening to the podcast, how do you want to watch the video? Not much to see it's me and Jeff, but you know, we're here and there is a lot more other hosts from ITSPmagazine on our YouTube channel. So check it out. Thank you so much, Jeff was a real pleasure to have you on

 

Jeff Allison37:05

Yeah, real pleasure, Marco. Appreciate it very much and

 

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