John Cornyn: “And we don't have any plans of stopping there. We are also making serious strides in energy innovation. A couple of…”

“And we don't have any plans of stopping there. We are also making serious strides in energy innovation. A couple of years ago, I visited the NET Power plant in La Porte, TX, right outside of Houston. NET Power is significant because it has developed a first-of-its-kind power system that generates affordable zero-emissions electricity. Using their unique carbon capture technology, they have taken natural gas, one of the most prevalent and affordable energy sources, and made it emission-free. That is what innovation can produce: emission-free electricity from natural gas. As impressive as this project is, though, it is made even better by the fact that it is not unique. Private companies are harnessing the power of human ingenuity to make our most used energy sources emission- free. Earlier this year, for example, ExxonMobil announced a $100 billion carbon capture and storage project in the Houston area, otherwise known as the energy capital of the world. This would create a carbon capture innovation zone to significantly reduce carbon emissions. ExxonMobil estimates this project has the potential to store up to 100 million metric tons of carbon per year by the year 2040. A decade later, Houston could be carbon-neutral. These kind of developments, I think, are incredibly exciting, and they showcase, once again, the power of innovation not by the government but by the private sector.…”