Sunday, April 5, 2015

Turns out the world’s first “clean coal” plant is a backdoor subsidy to oil producers

By David Roberts

The world’s first “clean coal” plant — that is, the first full-size coal-fired power plant ever to capture and store the majority of its CO2 emissions — is located in, of all places, Saskatchewan. (They should change the name to “Of All Places, Saskatchewan.”) According to the first financial analysis done on the project, it appears to be functioning primarily as a public subsidy to the province’s aging oil industry.

This takes a little explanation. First some quick background on the project.

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