"Jim Rogers, CEO of Duke Energy, raised questions on Wednesday about the viability of capturing and storing carbon dioxide emissions from coal plants underground, and suggested that coal may not even be part of the energy mix by 2050.
“I actually can see a future where coal is not in the equation in 2050,” Rogers told reporters at an event in Washington.
He argued that it’s unlikely that the United States will be able to develop and bring to scale carbon-capture-and-storage – often called “clean coal” technology. “I think there’s no way we can scale in this country,” he said. “It’s more likely that China will develop and bring CCS to scale. I’d like to be China for a day so we can get CCS done. They’re more likely to get it scaled and deployed than we are. We’re going to be buying their technology.”
He also acknowledged that concerns about coal extraction methods like mountaintop removal may make coal more expensive in the near-term. “I’m under incredible pressure on moutaintop mining,” said Rogers. “Most of the coal we use in the southern part of the country is from mountaintop mining. I’m doing the math now and looking to determine my contracts and posing the question to my team, what if we made a policy decision that we’re not going to buy coal as a consequence of mountaintop mining.”
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