Tuesday, August 10, 2010

Clean-Coal Project Advances With $1 Billion in Funding


The Obama administration Thursday awarded $1 billion to an Illinois project that aims to sharply reduce greenhouse-gas emissions from coal-fired power plants, the latest in a long-running saga aimed at proving coal's viability amid widespread pressure to combat climate change.

The new project, known as "FutureGen 2.0," replaces an earlier plan to build a first-of-a kind, "clean coal" power plant in Illinois using a different technology. Supporters of the latest version say it will create jobs and reduce greenhouse-gas pollution. Opponents contend it is a waste of money and thinly veiled reward for President Barack Obama's home state.

See full Article.