DOE Tags $126M For Carbon Sequestration Projects

Law360, New York (May 7, 2008, 12:00 AM EDT) -- The U.S. Department of Energy will funnel $126.6 million over the next decade into two large-scale carbon sequestration projects aimed at testing the ability of a geological formation to store over a million tons of carbon dioxide.

The DOE's funding of the West Coast Regional Carbon Sequestration Partnership and the Midwest Regional Carbon Sequestration Partnership, announced on Tuesday, will go towards projects designed to show whether it is possible for a geologic formation to safely, permanently and economically hold massive amounts of carbon dioxide.

“Collectively, these...
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