New report denounces carbon capture and sequestration

A new report from the Western Organization of Resource Councils (WORC) criticizes federal and state policies that subsidize and support the expansion of carbon capture and sequestration technology (CCS).

 

The report, Too Good to Be True: The Risks of Public Investment in Carbon Capture and Sequestration, concludes that CCS technology is expensive, inefficient, dirty and unreliable. By contrast, renewable energy is cleaner, cheaper and faster to deploy.

Click here to read Too Good to Be True, WORC’s new report detailing the shortcomings of carbon capture and sequestration technology.

Coal companies and trade groups have lately stepped up efforts to increase taxpayer subsidies for coal projects. But more federal spending on CCS won’t decrease carbon pollution, and it is guaranteed to waste taxpayer dollars while increasing the cost of power. Those are the conclusions of Too Good to Be True.

The report draws on academic research, economic data, and case studies to recount the technical problems, inefficiencies, and cost overruns of CCS. Problems have plagued the technology at every stage: from storage and transportation to capture and purported “utilization” techniques like enhanced oil recovery.

While CCS projects are encountering myriad headwinds, renewable energy is taking off. Wind and solar energy is cheaper every day, doesn’t require dangerous underground storage techniques, and produces no carbon pollution whatsoever.

Executive Summary

As the global effects of climate change become undeniable, both market actors and governments around the world are working to reduce greenhouse gas (GHG) emissions. State and federal politicians, the coal industry, and even some environmental organizations support Carbon Capture and Sequestration (CCS) technology as a strategy to continue to generate electricity with coal in a carbon-constrained future.

The industry’s hope that coal can provide electricity while decreasing carbon emissions without drastically raising electricity costs and causing environmental damage is simply too good to be true. CCS technology faces both technological and economic obstacles that make public spending on CCS technology a poor investment of taxpayer dollars. From capture to transport to storage, CCS technology has proven itself to be expensive, inefficient, unreliable, and insecure, despite billions in public investment so far.

Download and read Too Good to be True: The Risks of Public Investment in Carbon Capture and Sequestration (CCS)

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