New
York Times: In an ambitious proposal to counter global
warming, an upstart power developer wants to build a coal-fired
electric plant on the outskirts of New York City that would
capture its emissions of carbon dioxide and pump the pollutant
70 miles offshore. The gas would be injected into sandstone a
mile beneath the ocean floor in the hope that it would stay
there for eons.
Experts have thought for years that capturing the emissions from power plants will be a crucial technology for limiting climate change. But high cost projections and scientific uncertainty have meant that progress on the technique has been limited, even as the effects of global warming are starting to be felt around the world.
Now SCS Energy, based in Concord, Mass., contends not only that it can build the world's first such plant and get it to work, but also do so profitably, despite costs that could approach $5 billion.
