The trouble with angels: carbon capture and storage hurdles and solutions

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Courtesy of Bloomberg BNA

This article examines the challenges to commercial deployment of carbon capture and storage using geologic sequestration. The authors argue that CCS will never become a reality without early federal investment in research and development, a uniform federal regulatory framework, and a framework to address the currently unknown and unquantifiable liabilities. They suggest a model similar to the liability cap established for the nuclear power industry under the Atomic Energy Damage Act could address some of the questions concerning the long-term liabilities.

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