Wednesday, June 26, 2013
Is Obama's Faith in Carbon Capture a Technicolor Dream?
"President Obama's climate action announcement yesterday relies heavily on carbon capture and storage technology eventually paying off as a commercially viable option. But carbon capture and storage (or CCS) continues to be more of a dream than reality. And a very expensive dream at that.
According to a database maintained atMIT's Carbon Capture and Sequestration Technologies program, there are currently six large scale CCS projects underway in the United States. Five of the six projects are still in the planning phase, with one project listed as under construction. The current projected price tag of these six projects is a whopping $16.7 billion."
Full story here.