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DOE halts funding for Summit TCEP coal project
The DOE suspended further funding for Summit's $11 million Phase I grant and the broader $450 million Texas coal carbon capture project. Inspections cited higher costs, financing difficulties, and changing energy markets as risks, while Summit and supporters argue private funding remains viable and urge continuation. Local officials note the potential job impact.
MENTIONED IN THIS ARTICLE
Inthe
Clean Coal Power Initiative
TCEP
Summit
Jim Wood
U.s.-China
Wood
DOE
Crew
Penwell
Inspector General
Laura Miller
Texas
Miller
Odessa
Christopher Smith
Fossil Energy
Smith
House
Science
Tech
Nology
OIG
Federal
Equity
Equity Partners
Barack Obama
Congress
Beijing
Mike George
Odessa Chamber of Commerce