Regime Admits EPA Carbon Capture Lunacy Will Raise Electricity Prices as Much as 80%
Good thing for Democrats that they can afford to write off the South, where no one in their right mind would vote for them. Southerners, who are largely dependent on electric heat, have been experiencing record cold. Today’s weather report:
A snow and ice storm will severely impact travelers and residents from Louisiana to the Carolinas through midweek.
The event could be the worst ice storm for parts of the South in more than 10 years.
Dr. Julio Friedmann, the deputy assistant secretary for clean coal at the Department of Energy, told House lawmakers that the first generation of carbon capture and storage technology would increase wholesale electricity prices by “70 or 80 percent.”
“Carbon capture” refers to the bizarre concept of sequestering carbon as if it were some sort of pollutant, instead of letting it feed plant life as it has done for as long as there have been plants on the planet. But I’m forgetting; now this essential nutrient is a pollutant, subject to bureaucratic regulation. The moonbats on the Supreme Court have decreed it.
The Obama administration’s plan to fight global warming includes limiting carbon dioxide from new power plants. In order for new coal-fired power plants to be built, however, they would need to install costly carbon capture and storage (CCS) technology.
“The precise number will vary, but for first generation we project $70-90 per ton (on the wholesale price of electricity),” Friedmann said.
Keep in mind, these are the government’s numbers. Real numbers are always worse – usually much worse. The total cost of this exercise in utter futility will be almost incalculable.
The EPA mandates are based on CCS technology that is not yet commercially available. But such tedious real world details don’t matter in the realm of pure left-wing ideology inhabited by our rulers. Energy producers who can’t adapt will just have to go out of business – as planned.
It won’t be long before America is the kind of country where it is hit or miss whether the lights come on when you flip the switch. That’s fundamental transformation, all right.
On a tip from G Fox. Cross-posted at Moonbattery.