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Caterpillar Joins FutureGen "Clean Coal" Partners -

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-22-10 01:18 PM
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Caterpillar Joins FutureGen "Clean Coal" Partners -
NEW YORK, Feb 8 - Caterpillar Inc (CAT.N) said Monday it will join the FutureGen Alliance to build a $1.5 billion near zero emissions coal-fueled power plant to produce hydrogen and electricity while capturing and sequestering carbon dioxide underground in Mattoon, Illinois.

Last month, Exelon Corp (EXC.N), the nation's biggest power company, also said it would join the FutureGen Alliance.

The U.S. Department of Energy plans to provide more than $1 billion to help fund the 275-megawatt project as part of federal efforts to reduce greenhouse gas emissions such as carbon dioxide while keeping coal in the nation's power generation mix.

EDIT

http://planetark.org/enviro-news/item/56825

Ed. - This comes less than a week after quitting the Climate Action Partnership. Guess the grass must have looked greenwashier . . . .
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Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-23-10 05:25 AM
Response to Original message
1. Yippee!
Edited on Tue Feb-23-10 05:25 AM by Nihil
> while capturing and sequestering carbon dioxide underground in Mattoon, Illinois.

If they've accepted the risks of this then we've found a place to dump all other
kinds of toxic waste that are far less managable!

(Hopefully including the people who support "Clean Coal" ... :evilgrin: )
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