Wednesday, March 11, 2009
DOE made a $500 million "math error"
The Energy Department made a $500 million math error a year ago when it withdrew its support from a “near-zero emissions” coal plant in Illinois, Congressional auditors will say in a report to be released Wednesday. The error led the department to say mistakenly that the project, known as FutureGen, had nearly doubled in cost — an increase the Bush administration deemed too expensive. At the time, FutureGen was the leading effort to capture and sequester carbon dioxide, the main heat-trapping gas linked to global warming. If the project were resumed and proved successful, it could provide a model for curbing the carbon dioxide that coal adds to the atmosphere. The new energy secretary, Steven Chu, has said that he will consider renewing support for FutureGen but that changes will be needed. He did not specify what those might be...NY Times