Capturing, sequestering our breath = 80% higher electrical cost

A new Government Accountability Office (GAO) report released today found that carbon capture and sequestration (CCS) schemes favored by Democrats under their proposed cap and trade national energy tax boondoggle would increase electricity costs, reduce electricity output and increase water consumption.

Sen. James Inhofe (R-Okla.), ranking Republican of the Senate Committee on Environment and Public Works, and Sen. George Voinovich (R-Ohio), released the GAO today covering the status, cost, and reliability of current CCS technology for coal-fired power plants.

The release states, “Based on GAO's survey of stakeholders, including utilities and state regulators, current CCS technology would increase electricity costs by 30 to 80 percent, reduce electricity output between 15 and 32 percent, and increase water consumption at power plants.”

These findings do not bode well for Democrats pushing the cap and trade national energy tax scheme.