by Stacy Feldman -
Oct 5th, 2009
The Obama administration announced the winners of the first phase of "clean coal" dollars from the economic stimulus package, with the largest sums going to oil firms.
Only $21.6 million of the $1.4 billion for carbon capture and storage (CCS) technologies was made available in phase one. The money was awarded to 12 companies that will test ways to catch and compress CO2 from polluting plants, transport it by pipeline and pump it underground.
The biggest winners were C6 Resources, a Shell Oil affiliate; ConocoPhillips; and Shell Chemicals, another division of Shell Oil. Each nabbed $3 million to demonstrate their technologies for seven months.
In the announcement, U.S. Energy Secretary Steven Chu recycled the 'clean coal' boilerplate of past releases: "These new technologies will not only help fight climate change, they will create jobs now," although there was no estimate of how many jobs will be generated.
He also repeated this claim:
"The investments will help position the United States to lead the world in carbon dioxide capture technologies."
America still has a long way to go, though. A few subsidy-funded R&D tests are now being carried out, but none is considered economically feasible on a large scale, or even that clean.
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