Biden Administration To Invest $251 Million in Carbon Capture Technology

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Biden Administration To Invest $251 Million in Carbon Capture Technology
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The Biden administration on Wednesday announced $251 million for carbon capture and storage projects in seven states

and storage projects in seven states, aiming to reduce planet-warming pollution from power plants and other industrial facilities., which proponents, often from oil and gas industries, say could have a huge role in reducing emissions of greenhouse gases. Meanwhile, many environmentalists note that the technology is far from scale and argue that focusing on it distracts from established renewable energy solutions.

Carbon capture and storage involves removing carbon dioxide, either from the source of pollution or from the air at large, and storing it deep underground. In some instances, the carbon dioxide is transported across states through pipelines and stored at facilities and used for other things. One of the awardees is BP, which is receiving $33.4 million for two sites along the Gulf Coast in Texas. The rest of funding is for three studies into how to transport carbon dioxide from power plants, ethanol facilities and other industrial operations to locations for reuse or permanent storage.

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