A millstone, not a milestone….

If one were honest about the actual cost of facilities like this one in Iceland, it would become clear that the chattering classes of the western world are incentivizing the digging of holes that not only bury carbon, but literally bury valuable capital as well.

That is less than 1% of the annual emissions of a single coal-fired power plant, according to EPA emissions data and an International Energy Agency report on the technology. The Intergovernmental Panel on Climate Change has estimated that, to avoid the worst impacts of global warming, the world needs to remove 100 billion to 1 trillion tons of carbon from the atmosphere by the end of the century.

Keynes may not have imagined this in his wildest dreams.

 

 

34 Replies to “A millstone, not a milestone….”

  1. Why on earth would they want to remove CO2 from the atmosphere. This is a life giving compound element. It just blows me away. Without CO2 and lots of it the earth would be a dead planet.

    1. But you know some geologic history, and biology. Actual knowledge is a liability for a politician. That’s why you will have a hard time finding a Canadian politician who isn’t cheering for the return of the ice-sheets (and the end of the nation).

    2. jaymo, the same people who want us to take experimental drugs also want to reduce the life giving CO2. I don’t think they are smart enough to realize that if it is reduced enough to kill us, it will kill them.

  2. These people are completely deranged. With any luck the world’s economies will collapse before these morons can destroy the earth and all living things on it!

  3. At their recommendation … I will treat these “plants” as I do Starbucks shops. I will completely ignore them

  4. Did they read John Carter of Mars?
    Fiction.
    The guy making soap from boiler flue gas makes more sense. But thats like a finger in the dyke!

  5. The earth will win. No amount of carcon capture and taxes will change the planet. It is a cycle.

    Humans should concentrate on the poison chemicals we use and obvvious pollution.

    1. The Green Party would argue that humans are he problem. Therefore anything that kills humans is the solution. And it’s not pollution if humans haven’t touched it (aka “a scorpion sting is natural, therefore it’s good for you!”)

  6. Keynes had nothing of substance to say that Major Douglas didn’t say better.

    Lord Keynes was listened to, and Major Douglas wasn’t, because Lord Keynes had been begotten by the elite and Major Douglas hadn’t.

  7. The pure carbon dioxide would then be mixed with water and injected thousands of feet underground into basalt rock formations. The carbonated water will form new rock in less than two years, according to Climeworks.

    I’m pretty sure that’s not how that works.

  8. “…is expected to pull 4,000 metric tons of carbon dioxide from the air annually and store it permanently underground.”
    a. Iceland is among the most volcanically active places in the world, with roughly one eruption every five years, not including submarine eruptions.
    b. Studies show that volcanoes emit about 130 to 380 million metric tons of carbon dioxide (CO2) per year.
    c. No mention of what this cost.
    d. No discussion about the “carbon footprint” of all the concrete and machinery; or getting it there; constructing this; or maintaining it.

  9. Always remember what’s important is that liberals and leftists feel good about themselves.

    Actually scratch that, what’s important is that they feel morally superior to everyone else, and policy is created as such.

    Whether it actually works is not important.

  10. Iceland, a god forsaken little country with no character and only 325,000 population. They just want to be heard, and part of the real world.

  11. Keep Iceland out of it. A major funder is Microsoft.If Microsoft is willing to spend millions and hire hundreds to do a project why would Iceland object ? They are using volcanic heat to power the project so they are not wasting Iceland’s resources.

  12. Simply solution to greatly lower carbon emissions in Canada, stop immigration.
    It’s called math. Thank you.

  13. Look at all that shiny metal.

    Do you know how much CO2 all that shiny metal creates during mining, smelting, transportation, construction, and maintenance? Not to mention the energy wasted to boil water to remove carbon from the filters and pump it underground — thermal energy that could be used instead of fossil fuel energy elsewhere!

    That could well exceed the entire carbon capture target of the facility during its lifetime. Of course, you’d have to calculate the numbers, but you’d think they’d already have done that and published it, if the numbers at all supported their case.

    This project and all like it may well be a scam, just like Solyndra: pure greenwashing to funnel money into the pockets of well-heeled manufacturing companies.

  14. “By comparison, it would take over 1.2 million acres of U.S. forestland to sequester an equivalent amount of carbon over the same time period, EPA data shows.”

    good thing the US only has 749 million acres of forest land, that operate at zero cost, require zero employees, and do not consume any power to remove 624 more times that one of those 100 acre plants that hasn’t been built yet…

    someone should explain to these rent seekers the concept of sunk costs

    1. There are also more trees on earth than there was about 100 years ago.

      I had posted a few article about that on facebook a couple years ago.

  15. In China alone, there is more than 1000 coal burning plants.

    But Iceland is removing less than 1 % of the co2 ONE of those coal plant produces.

    Wow.

    Iceland would need over one MILLION such co2 “eating” plants,
    but by the time they would be built, China would have built another 1000 coal plants, and India would have built another 500 or 1000 and so on and so forth.

    We would need billions or trillions of such co2 “eating” plants to “eat” all the co2 on the planet from cars, industries, humans etc etc…

    One has to have no understanding of mathematics or science to invest money in such a ridiculously useless INEFFICIENT business.

    Human stupidity knows no limit.

  16. No where in the article do they mention how much energy is used by the dozens of gigantic fans and to heat up the carbon to 200 degree Fahreinheit before injecting it into the ground.

    or where that energy comes from.

    It can not come from solar or wind as we know those are very unreliable, intermitent, unpredictable weak sources of power.

    So where does it come from?

    Coal burning power plants?

    gas? oil? wood?

    and how much co2 is produced to keep the co2 “eating” machine working???

    Greenies are a sub category of leftists, and leftism is a mental disease…more everyday.

  17. On the picture I count 96 fans.

    They seem to be at least 3 or 4 feet in diameter, possibly bigger.

    Thus probably use 500 watts each, possibly more, and that is 24 hours a day and 365 days a year.

    that is a LOT of electricity.

    I will not get into calculating the kilowatt per hour and the cost of electricity in Iceland and all that,
    because it is obvious they are using a lot of energy, energy is produced by something that emits co2 .

    Basically, they emit co2 to capture co2.

    oh ! and I forgot the fact they then need to heat up the carbon to 212 F which also uses a lot of electricity which they will not tell us where it comes from or how much of it they use.

    As I was saying they emit co2 to run a machine that captures co2.

    wow just wow.

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