Coddington Speaks About the Hurdles of Carbon Sequestration
October 11, 2007 2:58 PM | Posted by CCCM Team | Topic(s): Carbon Capture & Storage/Sequestration
At this week’s Energy and Climate Forum at the University of Wyoming, clean-coal investors discussed their reluctance in building new pulverized coal-fired power plants due to the potential cost implications associated with retrofitting them at a later date to meet pending regulation relating to carbon capture and sequestration. While investors see big advantages of coal gasification, they are afraid to spend the money until legal and regulatory issues surrounding carbon sequestration are resolved, whether by states, the federal government, or some combination of the two. Kipp Coddington, a partner in Alston & Bird’s Washington, D.C. office and speaker at the forum, said "it’s dangerous to assume that all of the infrastructure, the liability and other legal and regulatory questions regarding carbon capture and sequestration will simply fall into place…It’s a double-edged sword. People are in favor of it. But until clarity is provided, there are substantial hurdles."
Read more about the event.