While it's a sad fact that corporate and industry interests regularly write the basis for much of our Federal legislation, there has been some impressive political maneuvering from the coal and utility industry around the Waxman-Markey American Clean Energy and Security (ACES) Act. In many ways, the ACES bill reads like a wish list for the coal
While the coal industry clings to the hope of carbon capture and storage, CCS, as a lifeline to continue the construction of new coal plants, it turns out they have made very little investment in it to date.
Energy bosses at this week's World Petroleum Congress (WPC) are keen to promote carbon capture and storage (CCS) as the solution to global warming and greenhouse gas emissions.
But experts are warning not to run to the bank just yet as a dicovery Channel news article asks: Is Carbon Capture a Pipe Dream?
A new coal plant in eastern Arkansas is expected to come on line in 2010. The joke is that the supporters of the $1.3 billion coal-fired power plant are pointing to "emerging technology that could capture and store carbon..." (my emphasis)
This weeks issue of the Economist tackles the enormous topic of “The future of energy”.
The article adresses solar, geothermal, biofuels, electric cars, nuclear power, and our favorite pipedream technology- carbon storage.
CNBC's Mark Haines asks: "How Realistic is Clean Coal," and Haines does a great job off the top by pointing out that his guest, Steve Miller of the American Coalition for Clean Coal Electricity (ACCCE), is funded by the coal industry.