What federal spending crisis?
The Obama Energy Department is giving Montana State $67 million for a pilot project to bury one million tons of carbon dioxide over eight years in underground rock formations.
As annual global emissions are about 30 billion tons (and growing!), the so-called Big Sky Carbon Sequestration Project will then wind up injecting 0.00042% of global CO2 emissions over that period. We’re feeling cooler already.
It appears as though this fraud-on-the-taxpayer began in June 2005 with a $14.2 million dollar grant that touted potential storage of as much as 60 billion tons of CO2.
So taxpayer costs are increasing 471% while promises are being cut by 99.998%. Such a deal!