Yet only two years in, the future of carbon capture and storage (CCS) is in jeopardy. On July 14, American Electric Power pulled the plug on its CCS efforts, citing a weak economy and the “uncertain status of U.S. climate policy.” CEO Morris said AEP and its partners “have advanced CCS technology more than any other power generator with our successful two-year project to validate the technology. But at this time it doesn’t make economic sense to continue.” The dimming of CCS’s promise reflects a broader national retreat from the goal of reversing climate change. In private and, to some degree, in public, the company and its executives express frustration that they tried to do the right thing—only to end up burned.
PUBLISHED: July 22, 2011
LENGTH: 9 minutes (2356 words)