Clean Coal Dreams.
Jim Cramer interviewed Gene Klappa, the CEO of Wisconsin Energy Corporation, which has been aggressively experimenting with CO2 scrubbing of coal plant emissions. The field experiments have been a failure so far, and Klappa estimates that a "clean coal" solution that can be practically fielded is at least ten years off. Meanwhile the Obama Cap and Trade Juggernaut rolls along. It is now estimated that when C&T is implemented electricity costs will increase by 50%. Just in time to strangle a recovery of the U.S. economy.
In ten years, we could build five nuclear plants, displacing 25 coal-fired plants. That's if we chose to "put science ahead of politics". Wisconsin, in a spasm of self-righteousness, has banned construction on any new nuclear plants.
By the way: 300 additional 1GW nuclear plants would displace the electricity generation of all of the 1500 coal-fired plants in the U.S. Do we have the political will and the seriousness to consider at least five nukes in ten years?