DOE awards carbon sequestration grants

“People think the elephant in the room is coal and what we’re going to do with coal,” said Michael Webber, an energy expert at the University of Texas at Austin.

“Basically,” Mr. Webber said, “this deals with the elephant in the room.”
Federal Carbon Storage Grants Awarded, at Green Inc. Here's hoping that these will help the technology evolved, but I find this quote unintentionally telling:
“As with most areas of C.C.S., new initiatives are welcome,” said Howard Herzog, a sequestration expert at Massachusetts Institute of Technology, in an e-mail message.
As far as I know, we are not even in the same neighborhood of a cost-effective solution yet.

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