Political Quotes

“Mr. President, there was an interesting press conference earlier today in which I joined with Senator Heitkamp, Senator Capito, and Senator Barrasso on a common piece of legislation that will help address climate change. That does not happen often, so it was a good sign. This is not a comprehensive solution. It may not even make much of a measurable difference, but it will make some difference. It will help drive America's technological edge, and it will help, as it gets implemented, reduce our carbon emissions. It was very good to be working with those Senators. The fundamental problem we face with carbon capture and utilization and the reason so little of it now happens is economics. There is a flaw in the market economics related to carbon capture utilization and sequestration. Here is the flaw: There is no business proposition for stripping out the carbon dioxide, and in a market economy, if no one will pay for something, you don't get very much of it. Lindsey Graham and I flew up to Saskatchewan to see Boundary Dam, a carbon capture plant at a coal-powered electric generating facility where they are removing the carbon dioxide by running the exhaust from the plant through, essentially, a cloud of aminos. They are able to sequester closing on 80 percent of the carbon, and they use it to pump out and into nearby oil fields to pressurize the oil to facilitate extraction.…”