Choo Choo Chu Blows Another $Billion
Beneficial trace gas to be scrubbed away with your money, for no discernible benefit to you or the planet.
Dept. of Energy Folly Emission, June 10, 2010 [here]
Washington, D.C. - U.S. Energy Secretary Steven Chu today announced that three projects have been selected to receive up to $612 million from the American Recovery and Reinvestment Act - matched by $368 million in private funding - to demonstrate large-scale carbon capture and storage from industrial sources.
The projects - located in Texas, Illinois, and Louisiana - were initially selected in October 2009 for phase one research and development grants. Following successful completion of their Phase 1 activities, these three projects were identified as the most promising industrial CCS projects through a competitive process and will now enter into Phase 2 with additional funding to begin design, construction, and operation.
Today’s project selections are aimed at testing large-scale industrial carbon capture and storage, an important step in moving CCS technology toward eventual commercial deployment. The Obama Administration has made a goal of developing cost-effective deployment of CCS within 10 years, with an objective of bringing 5 to 10 commercial demonstration projects online by 2016. … [more]
Note: Who cares? It’s not real money, is it? Does anybody know how much kickback Choo Choo will be stuffing into his offshore bank account?