DOE announces $2.4bn in CCS funding
US Energy Secretary Steven Chu has awarded $2.4 billion from the American Recovery and Reinvestment Act to the development of carbon capture and storage (CCS) technology.
Speaking at a meeting of the National Coal Council today, Chu said the funds would be used to expand and accelerate the commercial deployment of CCS technology. The funding is part of the Obama Administration's ongoing effort to develop technologies to reduce carbon dioxide emissions.
"To prevent the worst effects of climate change, we must accelerate our efforts to capture and store carbon in a safe and cost-effective way. This funding will both create jobs now and help position the United
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