So I own some American Electric Power (AEP) stock. Have had it for years (dividend yield).
I look at company news and I read this crap.
" American Electric Power (AEP) to Apply for Stimulus Funding from Clean Coal Power Initiative to Advance Carbon Dioxide Capture and Storage to Commercial Scale
1:40 pm ET 08/20/2009- StreetInsider
American Electric Power (NYSE: AEP) will apply for funding from the U.S. Department of Energy Clean Coal Power Initiative Round 3 to pay part of the costs of installing the nation's first commercial-scale carbon dioxide capture and storage system on its Mountaineer coal-fired power plant in New Haven, W.Va.
The application deadline is Monday.
AEP's application will seek $334 million, about half the estimated cost of installing the system that will use a chilled ammonia process to capture at least 90 percent of the carbon dioxide from 235 megawatts of the plant's 1,300 megawatts of capacity. The captured carbon dioxide, approximately 1.5 million metric tons per year, will be treated and compressed, then injected into suitable geologic formations for permanent storage approximately 1.5 miles below the surface. The system will begin commercial operation in 2015, according to the company's application for funding."
So a company has to spend 300+ million (plus the govt's money) to eliminate 1/6th or so of it's CARBON DIOXIDE emissions. How about plant some more **** trees!! Ever hear of photosynthesis! Damn government greenie loonies.
What a load of crap that has been sold by Al Gore and the rest of these loonies. Maybe we should all breathe less. Hell I'll take some $$ to fart and exhale in a tube and bury my carbon dioxide 1.5 miles under the earth. Jeez, it will never excape from there. No possibility of tectonic movement. Naw...
