A new report out from the Global CCS Institute finds a decline in Carbon Capture and Sequestration (CCS) projects, which suggests grim tidings for new coal plants. Considering new EPA restrictions on carbon emissions from new coal plants, coupled with International Energy agency research that finds CCS a critical tool in the fight against climate change, it's not a stretch to say that an essential technology is fizzling.
While this could functionally preclude any new coal-fired power plant development, it may also spell opportunity for companies like Air Products and Chemicals (APD 0.41%) and Southern (SO 0.90%), both of which have CCS projects in the works. Fingers crossed that they do better than American Electric Power (AEP 0.95%), which mothballed its CCS equipment in 2011. Watch the video below to find out more.
