This is a guest post by Anna Simonton published with permission from Oil Change International
The dirt roads of Penwell, Texas, criss cross overgrown lots littered with the detritus of a bygone oil boom that petered out in the 1940s. But as early as next summer, this ghost town 16 miles southwest of Odessa will become the site of a new coal power plant facility––funded in large part by taxpayers––that could play a major role in not only helping prolong the life of a dying coal industry, but in fueling an oil boom that’s just getting started in the Permian Basin region of West Texas.
The Texas Clean Energy Project (known as TCEP) is a proposed coal gasification plant that will generate electricity while attempting to capture 90 percent of the carbon dioxide emitted in the process. That’s according to Summit Power Group, the Seattle-based company behind the project.
TCEP is one of four U.S. power plants in the planning stages that would use Carbon Capture and Sequestration technology, which comes with an unproven track record and an exorbitant price tag for taxpayers…not to mention the impacts of mining the coal in the first place. A fifth such plant is already under construction in Mississippi.