DOE Secretary Chu Announces $2.4 Billion in Funding for Carbon Capture and Storage Projects

Biofuels Journal
Date Posted: May 15, 2009

Washington, D.C.—U.S. Secretary of Energy Steven Chu announced May 15 at the National Coal Council that $2.4 billion from the American Recovery and Reinvestment Act will be used to expand and accelerate the commercial deployment of carbon capture and storage (CCS) technology.

The funding is part of the Obama Administration's ongoing effort to develop technologies to reduce the emission of carbon dioxide, a major greenhouse gas and contributor to global climate change, into the atmosphere while creating new jobs.

"To prevent the worst effects of climate change, we must accelerate our efforts to capture and store carbon in a safe and cost-effective way.

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