Congress (in its infinite wisdom) is weighing additional government subsidies for the most expensive fossil-fuel power plant ever built in the United States.
Southern Company's Kemper County, MS power plan has suffered numerous cost overruns driving the cost to nearly $7 billion. The plant will not come online until sometime in 2017. Maybe. With the in-coming administration's enthusiasm for preserving coal mining jobs legislation is being crafted to award an additional taxpayer-funded windfall of up to $4.5 billion to capture carbon dioxide and transport it via pipeline to oilfields for injection deep in the earth to aid in the extraction of oil.
Am I the only one who is dismayed by the circular irony of the wasteful boondoggle? Hardly green technology. And unable to stand on its own economic merits you and I have to prop it up.
Carbon dioxide (in case you don't know this already) is the stuff we exhale after ever breath.
The Wall Street Journal does a decent job of covering this here. It's worth a read.
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