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Big Oil Throws in the Towel on “Clean Power Plants”

by Stacy Feldman - Dec 26th, 2007

It couldn’t have happened to a more short-sighted idea.

In the UK, BP dumped its plans to build a carbon capture and storage plant in Aberdeenshire that would one day -- perhaps -- capture and store the greenhouses gas emissions from a gas-fired power plant. And now Shell and StatoilHydro have scrapped plans to build a similar project in Norway.