Issue Date: July 18, 2011
Utility Stops Carbon Capture Project
A major electricity company, American Electric Power (AEP), has halted one of the most successful programs to develop a commercial-scale coal-fired power plant that utilizes carbon dioxide capture and storage (CCS) technology. The company blames the uncertain state of U.S. climate policy and the weak economy. “We are placing the project on hold until economic and policy conditions create a viable path forward,” Michael G. Morris, AEP chairman and chief executive officer, said in . . .
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