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Revolutionary $1bn carbon capture plant about to be completed at Texas power station

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opednews.com Headlined to H4 10/14/16

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The Petra Nova plant is to be incorporated in the Washington A Parish power plant
The Petra Nova plant is to be incorporated in the Washington A Parish power plant
(Image by Global Construction Review)
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'The world’s largest carbon capture scheme is about to be fitted to a 2.7GW coal-fired power station in Texas at a total cost of $1bn.'

It's not cost-competitive unless oil is above $75/barrel, but it makes one wonder whether it would make economic sense if taxes were shifted onto pollution & away from profits. Perhaps there is just not enough incentive? As Ralph Nader said: 'Why not tax bads instead of goods?'

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At www.globalconstructionreview.com

 

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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