US Can Store 3.7 Trillion Tons Of CO2, Interior Says
By Keith Goldberg
Law360, New York (June 26, 2013, 5:52 PM EDT) -- The U.S. Interior Department said Wednesday that the U.S. could store up to 3.7 trillion metric tons of carbon dioxide in geologic basins throughout the country, one day after President Barack Obama said his administration would offer $8 billion in loan guarantees for advanced fossil energy projects, including carbon sequestration.
An assessment conducted by the DOI's U.S. Geological Survey concluded that 36 geological basins across the U.S. have the potential to store between 2.4 and 3.7 trillion metric tons of carbon dioxide through geological carbon sequestration,...