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Posts Tagged ‘industry’

Carbon Capture and Sequestration (CCS) is the fossil fuel industry’s much-touted cure-all for our global warming woes. This theoretical solution to global warming is to pump all our industrial releases of CO2 underground, cross our fingers, and hope really, really hard that it will stay there – literally sweeping the problem under the proverbial rug.

It’s a nice dream, but how realistic is it? A new report has examined the feasibility of CCS, and found it “overwhelming in both physical needs and costs” and the entire strategy for geological sequestration “profoundly non-feasible.” Titled Sequestering Carbon Dioxide in a Closed Underground Volume, the report was published in the peer-reviewed Journal of Petroleum Science and Engineering and written by M.J. Economides of the Department of Chemical Engineering, University of Houston and C.A. Ehlig-Economides of the Department of Petroleum Engineering, Texas A&M University.

(EDITOR’S NOTE: It has been pointed out to us that many of these claims made by Dr. Economides may be overinflated or just plain spurious- a retort posted by NRDC here.  Because we don’t believe in just throwing blog posts down the memory hole, we want to give this big caveat, and watch for a further discussion on CCS feasibility)

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As expected, the House Energy and Commerce Committee approved climate change legislation last night and sent it along in the legislative process. We strongly urge lawmakers to make major overhauls to this bill or go back to the drawing board.

The problem? Oil, coal and nuclear industries had far too much say in its shaping, and it shows.

Now more than ever, Public Citizen needs you to tell your representatives that climate change legislation should not be weakened by the corrupting influence of big money.

Those who say this bill is the best the legislative process can produce are wrong: The American people demanded strong climate legislation, and polluters are subverting these goals.

Public Citizen supports strong, effective climate legislation, but this bill won’t achieve it. We can talk about hoping to reduce greenhouse gas emissions significantly, but this bill won’t do it.

It creates a legal right to pollute for industries and gives away credits for free to allow companies to meet those targets without having to pay for them. That is not going to spur the kind of investments we need.

We must act fast to influence lawmakers to fix this piece of legislation. Please take action so that our voices can be heard loud and clear over those of the oil, coal and nuclear industries.

For more information about the climate change bill and how it needs to be fixed, visit our Web site and watch Tyson Slocum explain Public Citizen’s position in an interview on Democracy Now!

Take action today, and let your representatives know you want them to put interests of consumers above those of the energy industries.

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