US power companies are showing little interest in carbon capture and storage (CCS) because of high costs and uncertain demand, despite related tax credits being raised by the US Congress from $ two per tonne of carbon dioxide to $ 35 /tonne. A survey of the US ' 10 biggest power companies found eight had no plans to buy CCS equipment, while eight declined to comment. CCS said it was uncertain when Utilities revenues would cover costs.
US power companies are showing little interest in carbon capture and storage (CCS) because of high costs and uncertain demand, despite related tax credits being raised by the US Congress from $10 per tonne of carbon dioxide to $35/tonne. A survey of the US' 10 biggest power companies found eight had no plans to buy CCS equipment, while two declined to comment. Utilities said it was uncertain when CCS revenues would cover costs.