New climate deal spurs hopes of more carbon storage projects

ASSOCIATED PRESS • August 15, 2022

University of Wyoming researchers are studying whether tiny spaces in rock deep underground can permanently store vast volumes of greenhouse gas emitted by a coal-fired power plant. This is the concept known as carbon storage, long touted as an answer to global warming that preserves the energy industry’s burning of fossil fuels to generate electricity. So far, removing carbon dioxide from power plant smokestacks and pumping it underground hasn’t been feasible without higher electricity bills to cover the technique’s huge costs. But with a $2.5 billion infusion from Congress last year and now bigger tax incentives through the Inflation Reduction Act passed by Congress on Friday, researchers and industry continue to try.