The US government spent $1.1 billion on carbon capture projects that mostly failed

Coal should be going obsolete because renewable energy is becoming cheaper, but the US government is keeping it afloat with the promise of capturing carbon emissions and storing them underground. Now, the Government Accountability Office (GAO) has said that federal agencies spent $684 billion on coal plant carbon capture and storage (CCS) projects that have mostly failed, Gizmodo has reported. It also spent $438 million on other three CCS industrial projects, two of which were cancelled.

“DOE [Department of Energy] provided nearly $684 million to eight coal projects, resulting in one operational facility,” according to the GAO report. “DOE’s process for selecting coal projects and negotiating funding agreements increased the risks that DOE would fund projects unlikely to succeed.”

DOE’s process for selecting coal projects and negotiating funding agreements increased the risks that DOE would fund projects unlikely to succeed.

Not only did the Department of Energy use a “high-risk selection” method to choose projects, it negotiated and funded them too expeditiously, according to the report. Coal negotiations lasted just three months instead of the usual year “based on DOE’s desire to begin spending American Recovery and Reinvestment Act of 2009 funds quickly.” On top of that, it bypassed the …read more