Carbon sequestration deal stalls

[CHIMO]

Money troubles have stalled indefinitely a proposal to capture carbon dioxide emissions from a Canadian coal plant and store the gas underground in Montana — a largely unproven concept considered key for addressing climate change.

Montana and Saskatchewan's elected leaders had sought $100 million from each of their federal governments for the proposal but have failed to deliver the money.

It was billed as an industrial-scale test of technologies that could reduce carbon emissions from some of the 650 coal-fired power plants in the two countries. Coal power is the leading industrial source of greenhouse gases blamed for global warming.

But without money for construction, Montana's sponsor in the proposal, the six-state Big Sky Carbon Sequestration Partnership, is shifting its efforts to another carbon storage project, said partnership director Lee Spangler, a professor at Montana State University.

http://www.cbc.ca/canada/saskatchewan/story/2010/07/26/saskatchewan-montana-carbon.html
Monday, July 26, 2010 | 2:58 PM CST

Nice to have loose change to throw around.