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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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 Posted: Wed Jan 30, 2008 3:12 am Post subject: U.S. drops support for clean coal plant: lawmaker |
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.S. drops support for clean coal plant: lawmaker
Tue Jan 29, 2008 9:50pm GMT
WASHINGTON (Reuters) - The future of a $1.8 billion research project to build the world's cleanest coal-burning power plant in Illinois is unclear after the U.S. Energy Department on Tuesday said it plans to pursue other options.
A consortium of utility and coal companies in December picked a site in Mattoon, Illinois, to build the so-called FutureGen plant, which would burn coal and sock away heat-trapping carbon dioxide emissions underground.
However, the Energy Department, which would bear about 75 percent of the plant's costs, is balking at cost overruns for the project - originally expected to come in near $900 million.
Energy Secretary Sam Bodman met with Illinois officials on Tuesday and told them he plans to "direct the department to begin to pursue other options," according to a spokesman for Sen. Dick Durbin, Illinois Democrat.
The Energy Department has withheld its approval of the Mattoon site so far.
"After our meeting today it is clear that Secretary of Energy Sam Bodman has misled the people of Illinois, creating false hope in a FutureGen project which has no intention of funding or supporting," Durbin said in a statement.
Speaking with reporters at the Chamber of Commerce, Bodman on Tuesday declined to say whether he would support the project.
The public-private venture, which includes companies from around the world and funded by the U.S. Department of Energy, was formed in 2003 to design and test technology required to turn coal into a gas that can be stripped of harmful emissions, then burned to produce electricity and hydrogen.
FutureGen's most ambitious goal is to capture carbon dioxide and store it underground permanently.
The 13-member FutureGen Alliance includes U.S. utilities and coal producers such as American Electric Power Co and Peabody Energy, along with international miners Anglo American, BHP Billiton and China's largest coal-based power company, China Huaneng Group.
(Reporting by Chris Baltimore; Editing by Christian Wiessner)
� Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. |
Instead of a stimulus package (which leaves the US with nothing in the end ) why not invest in 250 of these power plants? |
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Kuros
Joined: 27 Apr 2004
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| Posted: Wed Jan 30, 2008 7:25 am Post subject: |
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Sorry to derail the thread so early, but:
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| A consortium of utility and coal companies in December picked a site in Mattoon, Illinois, to build the so-called FutureGen plant, which would burn coal and sock away heat-trapping carbon dioxide emissions underground. |
Oh, is that why you support clean coal, Barack?
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Joo, to answer your question, this plant is going to cost double the estimated $900million. Its good to see the US recognize fiscal restraint. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Wed Jan 30, 2008 8:01 am Post subject: |
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Alternative energy is worth going into debt for.
1. It would deprive US enemies from Iran to Venezuala of money.
2. There is a huge market for alternative energy and tech that saves money.
The more the US invests in in the lower the costs will become over time. |
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