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'Carbon storage' faces leak dilemma - study - Environment - The Independent - 0 views

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    "Dreams of braking global warming by storing carbon emissions from power plants could be undermined by the risk of leakage, according to a study published on Sunday. Rich countries have earmarked tens of billions of dollars of investment in carbon capture and storage (CCS), a technology that is still only at an experimental stage. Under CCS, carbon dioxide (CO2) would be snared at source from plants that are big burners of oil, gas and coal. Instead of being released into the atmosphere, where it would contribute to global warming, the gas would be buried in the deep ocean or piped into underground chambers such as disused gas fields. CCS supporters say the sequestered carbon would slow the pace of man-made warming. It would buy time for politicians to forge an effective treaty on greenhouse gases and wean the global economy off cheap but dirty fossil fuels."
Energy Net

Department of Energy - Secretary Chu Announces $3 Billion Investment for Carbon Capture... - 0 views

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    US Energy Secretary Steven Chu announced today the selection of three new projects with a value of $3.18 billion to accelerate the development of advanced coal technologies with carbon capture and storage at commercial-scale. Secretary Chu made today's announcement on a conference call with Governor Joe Manchin, Senator Jay Rockefeller, and President of American Electric Power Company, Inc., Mike Morris. These projects will help to enable commercial deployment to ensure the United States has clean, reliable, and affordable electricity and power. An investment of up to $979 million, including funds from the American Recovery and Reinvestment Act, will be leveraged by more than $2.2 billion in private capital cost share as part of the third round of the Department's Clean Coal Power Initiative (CCPI). "By harnessing the power of science and technology, we can reduce carbon emissions and create new clean energy jobs. This investment is part of our commitment to advancing carbon capture and storage technologies to the point that widespread, affordable deployment can begin in eight to ten years," said Secretary Chu.
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    US Energy Secretary Steven Chu announced today the selection of three new projects with a value of $3.18 billion to accelerate the development of advanced coal technologies with carbon capture and storage at commercial-scale. Secretary Chu made today's announcement on a conference call with Governor Joe Manchin, Senator Jay Rockefeller, and President of American Electric Power Company, Inc., Mike Morris. These projects will help to enable commercial deployment to ensure the United States has clean, reliable, and affordable electricity and power. An investment of up to $979 million, including funds from the American Recovery and Reinvestment Act, will be leveraged by more than $2.2 billion in private capital cost share as part of the third round of the Department's Clean Coal Power Initiative (CCPI). "By harnessing the power of science and technology, we can reduce carbon emissions and create new clean energy jobs. This investment is part of our commitment to advancing carbon capture and storage technologies to the point that widespread, affordable deployment can begin in eight to ten years," said Secretary Chu.
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    US Energy Secretary Steven Chu announced today the selection of three new projects with a value of $3.18 billion to accelerate the development of advanced coal technologies with carbon capture and storage at commercial-scale. Secretary Chu made today's announcement on a conference call with Governor Joe Manchin, Senator Jay Rockefeller, and President of American Electric Power Company, Inc., Mike Morris. These projects will help to enable commercial deployment to ensure the United States has clean, reliable, and affordable electricity and power. An investment of up to $979 million, including funds from the American Recovery and Reinvestment Act, will be leveraged by more than $2.2 billion in private capital cost share as part of the third round of the Department's Clean Coal Power Initiative (CCPI). "By harnessing the power of science and technology, we can reduce carbon emissions and create new clean energy jobs. This investment is part of our commitment to advancing carbon capture and storage technologies to the point that widespread, affordable deployment can begin in eight to ten years," said Secretary Chu.
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