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Carbon capture and storage (CCS) projects are being canceled left and right. The latest victim is an American Electric Power (AEP) project in West Virginia. AEP ignored a $334 million federal grant underwriting half the cost, blaming changing legislation and unreliable government support. U.S. Environmental Protection Agency regulations due in September will force power plants to capture two thirds of CO2 output. Most CCS projects survive by selling their output to enhanced oil recovery operations, so without a national CO2 pipeline network, prospects for widespread CCS are dim. Should the federal government jump-start a national network?
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