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coal investing

Kemper County Energy Facility Facing Resistance in US

Written by Charlotte McLeod
|
Mar. 12, 2014 04:39PM PST

The Guardian reported that the Kemper County energy facility, which is set to come online later this year, will be the first power plant in the United States that is able to capture and store carbon dioxide emissions.

The Guardian reported that the Kemper County energy facility, which is set to come online later this year, will be the first power plant in the United States that is able to capture and store carbon dioxide emissions.

The federal government reportedly hopes that the coal-fired plant will “help save the climate,” but not everyone is so sure the facility is a good idea.

As quoted in the market news:

The EPA says the Kemper County Energy Facility offers a real-life example that it is possible to go on burning the dirtiest of fossil fuels and still make the cuts in carbon dioxide emissions needed to avoid a climate catastrophe.

But with staggering costs – $5bn (£3bn) and rising – and pushback from industry and environmental groups who say carbon capture is an unproven technology, now even the company that built Kemper is having second thoughts about the future of ‘clean coal’.

Meanwhile, Republicans in Congress are moving votes to overturn the entire set of EPA climate rules, based on the argument that carbon capture technology still does not work, and on Wednesday the house of representatives’ science committee is looking at CCS technology.

Click here to read the full report from The Guardian.

carbon capture technology coal investing carbon capture clean coal united states
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