Audit reveals Office of Fossil Energy approved millions for lobbying, spas
The internal watchdog at the Department of Energy released an audit report (PDF) this month detailing profligate spending, approved by the Office of Fossil Energy, on a clean coal initiative that was supposed to result in a 400MW carbon capture-enable plant.
The Office of Fossil Energy had partnered with a private company called Summit Texas Clean Energy LLC (owned by the Seattle-based Summit Power) to complete the project. Fossil Energy committed to funding $450 million of the $1.8 billion project, which would have been built outside of Odessa, Texas. Summit claimed that its plant would have captured 90 percent of the carbon it created.
Instead, Fossil Energy broke off the partnership in June 2016 when the same DOE internal watchdog (known formally as the Office of the Inspector General, or OIG) issued a report pointing out significant project delays and the inability of Summit to secure enough additional private funding to complete the project. In October 2017, Summit Texas Clean Energy declared bankruptcy.
Read 15 remaining paragraphs | CommentsPosted on: February 14, 2018, by : techno