Wednesday, March 18, 2009

Rethinking costs of FutureGen — again

http://www.chron.com/disp/story.mpl/headline/biz/6310536.html
The Bush administration's decision to halt production of an experimental power plant that would capture and store carbon dioxide emissions underground may have set back "clean coal" technology in the United States by as much as a decade, according to a congressional report released at a hearing last week.

Also, cost estimates used as justification for killing the commercial-scale project known as FutureGen were grossly exaggerated because Department of Energy officials did not account for inflation, according to a Government Accountability Report, also released last week.