Soros Investing in Carbon Capture Technology

The Hill reports that the U.S. House of Representatives may not move forward with a vote on climate change legislation this year.

This will no doubt disappoint liberal funder George Soros who is investing in Powerspan, a company that makes coal-plant carbon dioxide capture technology. From the Business Insider report:

Powerspan says the technology should catch 90% of CO2 emissions, with the North Dakota plant resulting in 1 million tons of caputured CO2 annually. The captured CO2 will then be sold to companies that use it to extract oil from the ground.

With a bill that regulates carbon dioxide on its way from Congress, technology like this , if it works could prove to be very lucrative.

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
+ More by Matthew Vadum

Support Capital Research Center's award-winning journalism

Donate today to assist in promoting the principles of individual liberty in America.

Read Next