Valero Energy has added eight of its ethanol plants to the Summit Carbon Solutions plan to gather the CO2 by-product of 57 midwest ethanol refineries by means of a 2000+ mile underground pipeline system and inject the climate-warming gas into the ground in North Dakota. The private company joins POET LLC, the world's largest producer of ethanol, in the proposed Summit stable of corn converters after POET's partnership with Navigator CO2 Ventures was terminated by Navigator's abandonment of their similar project.
spottracker.com
Of course the Summit project isn't merely an effort to selflessly alleviate the impending tragedy of a baking world. Rather it's a plan to reap the financial benefits of a federal policy subsidizing meaningless and ineffective attempts at counteracting a problem that may not even exist. Without federal subsidies none of these projects would have reached the planning stage.
The real problem is an expanding federal bureaucracy operating at the behest of financial forces in an expensive battle against an imaginary catastrophe in what has become a religious, rather than scientific effort.
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