As part of Joe Biden’s “infrastructure” bill (which was actually a climate change bill), increased tax credits and support mechanisms were offered to utility companies that invest in newer “carbon capture” technology. The so-called carbon capture and storage (CCS) equipment is supposed to do exactly what the name implies. Remove carbon dioxide and other greenhouse gases from emissions and store them in the ground. Those companies failing to embrace the technology would be threatened with closure. But the results thus far have not been what the administration hoped. Most utility companies are still not installing the technology, preferring to purchase “carbon credits” instead. And industry analysts don’t foresee that changing any time in the near future. (E&E News)Read More
American utilities not falling for carbon capture tech
