A long-shot opportunity for coal and carbon capture?
By Bill Loveless New efforts to promote technology to capture carbon-dioxide emissions from coal-fired power plants and bury them underground or use them to enhance oil production are getting more attention in Washington these days thanks to the Trump administration and its commitment to save the U.S. coal industry. Now, the credit-rating agency Moody’s is cautiously predicting that the technology may be the answer for the declining industry in the long run, though daunting obstacles remain. One thing that could jump start interest in carbon capture and sequestration (CCS) would be a spike in the cost of natural gas, whose abundance in the U.S. and low price in recent years have persuaded electric utilities to rely more on gas to fuel their power plants and less on coal, according to a new report from Moody’s. On that score, the agency…Continue reading