Thursday, June 21, 2012

General Electric's Nightmare for Renewables (GE)

From the WSJ's Overheard blog:

Make Oil, Not Carbon
If you had to describe the perfect nightmare for solar- and wind-power enthusiasts, a fossil-fuel-burning power plant that cuts its carbon emissions and helps produce more oil would probably be it.

And a new partnership announced Tuesday promises exactly that. General Electric is marrying its natural gas-fired turbines with carbon-capture technology provided by Norway’s Sargas. They claim this can generate electricity with relatively high 50% efficiency even after capturing and compressing the carbon-dioxide emission.

The captured carbon dioxide can then be sold for injection into old oil fields to boost output....MORE
See also last year's:
"GE's Immelt wishes he had soft-pedaled green talk" (GE)