Poster's note : more on the eye-watering costs of CCS. Whilst not directly geoengineering, this will be a necessary part of any air capture CDR project (not involving mineralization or similar). A personal view is that these unleveraged approaches are simply impractical whilst energy costs are anything like currently prices.
http://business.financialpost.com/2014/10/06/terence-corcoran-jim-prentice-scores-on-pulling-carbon-capture-plug-but-big-tests-lie-ahead/ Jim Prentice scores on pulling carbon capture plug, but big tests lie ahead Terence Corcoran | October 6, 2014 6:16 PM ET Prior to killing future CSS projects in Alberta, Alberta Premier Jim Prentice rightly described them as “science experiments. Okay on carbon and subsidies, but what about the big issue that comes with falling oil prices? Score two big points for Alberta Premier Jim Prentice. Here’s hoping Canadians can hope for more in the future. First point: Mr. Prentice pulled the plug on future carbon capture and sequestration (CCS) projects, a move that allows the province to add to the long, long list of similar projects thrown into the global carbon policy dustbin. According the The Carbon Capture and Sequestration Technologies Program at MIT, the number of cancelled projects around the world — in the United States, the European Union, Norway and elsewhere — now sits at 33. The number still in the uncertain “planning” stages is even longer.Some big CCS projects are going ahead, but would not be without massive government subsidies. Cost overruns are epidemic. A big facility in Kemper County, Mississippi, started out as a $2.4-billion project and now is estimated at $5.5-billion, backed by major U.S. government funding. Prentice will not by dragging Alberta taxpayers into an Ontario-style post-coal renewable subsidy quagmire One project just completed is Saskatchewan’s Boundary Dam, the $1.4-billion and climbing ($1.6-billion?) operation that will send liquid CO2 from a coal plant via a 66-kilometre-long pipeline to Weyburn, Sask., where it will pumped into the ground to allow for the production of more oil. Ottawa gave the project $240-million.Prior to killing future CCS projects in Alberta, Mr. Prentice rightly described them as “science experiments.” Expensive science experiments, however, with billions in federal and provincial cash going to what amount to high-profile mollifiers of climate change agitators. One project still going ahead is the Quest project at Fort Saskatchewan, Alberta, backed by $120-million from Ottawa’s Clean Energy Fund and $745-million from the province. No more of that, said Mr. Prentice. -- You received this message because you are subscribed to the Google Groups "geoengineering" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/geoengineering. For more options, visit https://groups.google.com/d/optout.
