Carbon Capture Is Dead, Long Live Carbon Capture

Clean Carbon's Prospects: All Over the Map by Bill Sweet The Financial Times, of London, published two articles about carbon capture and storage (CCS) in the past few weeks. One carried the headline “Carbon Capture Plants Choked by High Up-Front Costs.” The other was titled “Carbon Capture: Investment Pays Off in the Field of CCS.” The two articles together nicely summarize the whole world’s status with respect to CCS. That’s because the prognosis for CCS can be summed up in two words: It depends. European governments have collectively anted up to the tune of US $25 billion to get into the carbon-capture game. But so far, there have been no takers from the ranks of energy companies there. Meanwhile, in Alberta, Canada, a $2 billion investment seems likely to yield four carbon-capture projects by 2015. http://spectrum.ieee.org/energywise/energy/fossil-fuels/carbon-capture-is-dead-long-live-carbon-capturehttp://spectrum.ieee.org/energywise/energy/fossil-fuels/carbon-capture-is-dead-long-live-carbon-capture