Entergy CEO advocates carbon trading before rush to solar power
The New York Times carried a provocative op/ed by J. Wayne Leonard, the CEO of Entergy, with important implications for Louisiana (also see Electricity and south Louisiana). Leonard strongly supports a cap-and-trade program to set a limit on CO2 generation to encourage companies to reduce carbon emissions. On the other hand he warns that a potential new government program to promote renewable energy will inadvertantly reduce electrical generation by natural gas and promote coal powered electicity, which is cheaper and far more polluting.
On a related subject, New Orleans CityBusiness carried an article by Emilie Bahr that describes a proposal to reinvigorate the oil and gas industry in Louisiana by promoting the gasification of petroleum coke (a waste product of oil refining), using the gas produced to generate electricity and recycling the byproduct CO2 by injecting it underground to free up bound petroleum.
An interesting but controversial aspect of this proposal is its potential to permanently sequester the CO2 (a greenhouse gas) belowground.