October 12, 2020 Read More →

Despite Trump push, carbon capture financials aren’t adding up

Albuquerque Journal:

Potential conversion of the coal-fired San Juan Generating Station near Farmington into the world’s largest carbon capture facility has elevated New Mexico to the forefront of federal efforts to save the coal industry.

During a roundtable discussion in Albuquerque Oct. 5, U.S. Department of Energy Deputy Secretary Mark W. Menezes told local officials and industry executives connected to the project that the federal government’s top brass is watching closely.

“The DOE and the (Trump) administration are committed to do whatever we can to help this project go forward,” Menezes said. “The White House is aware of what you’re doing here today.” 

IEEFA research editor Karl Cates said the coal industry and its supporters are pushing the technology despite its flawed economics.

“It’s uneconomic across the board, and yet they’re still pushing it in New Mexico and other places,” Cates told the Journal following Menezes’ roundtable. “It’s a carbon-capture mafia that continues to press this business model against the realities of the marketplace. It won’t work, whatever your position is on carbon capture, because it just doesn’t pencil out.” 

[Kevin Robinson-Avila]

More: Critics question economics of carbon capture

Posted in: IEEFA In the News

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