Southern Company Backs Off From $700 Million Carbon Capture Project

05/02/2010 05:12 am ET | Updated May 25, 2011

Many are skeptical that Carbon Capture and Sequestration is a solution to climate change. The argument goes that coal can never be clean, and the costs and risks of storing carbon pollution deep underground makes CCS a false solution. The skeptics may now be joined by Southern Co., which is pulling out of an almost $700 million dollar CCS project in Alabama.