Should taxpayers give $7.8M to corporations to comply with state’s coal-carbon capture mandate?
Should taxpayers give $7.8M to corporations to comply with state’s coal-carbon capture mandate?
by AnnaBishop1138
Should taxpayers give $7.8M to corporations to comply with state’s coal-carbon capture mandate?
Should taxpayers give $7.8M to corporations to comply with state’s coal-carbon capture mandate?
by AnnaBishop1138
2 comments
CCS will be expensive and ineffective. It makes no sense from a carbon standpoint to then use the CO2 for enhanced oil recovery.
[https://en.wikipedia.org/wiki/Boundary_Dam_Power_Station#Carbon_capture_and_storage_demonstration_project](https://en.wikipedia.org/wiki/Boundary_Dam_Power_Station#Carbon_capture_and_storage_demonstration_project)
“An April 2016 Parliamentary Budget Office report found that CCS at Boundary Dam doubles the price of electricity.”
The on and off Texas Petra Nova CCS retrofit cost $1 billion. CCS is unlikely to work for natural gas or blue hydrogen.
No. The corporations should pay 100% of the cost, be barred from passing on any of the cost to their customers, and be heavily penalized when they fail to capture all of the carbon.
If they don’t want to pay they are free to avoid the costs by *not emitting carbon*.